Almonty Industries (TSE:AII) Stock Price Down 6.6% – What’s Next?

Almonty Industries Inc. (TSE:AIIGet Free Report) traded down 6.6% during trading on Tuesday . The stock traded as low as C$1.96 and last traded at C$1.98. 217,788 shares changed hands during trading, a decline of 55% from the average session volume of 485,579 shares. The stock had previously closed at C$2.12.

Almonty Industries Price Performance

The company has a current ratio of 0.77, a quick ratio of 0.11 and a debt-to-equity ratio of 264.14. The company has a 50 day moving average price of C$1.04 and a 200 day moving average price of C$0.89. The company has a market capitalization of C$550.84 million, a P/E ratio of -53.25 and a beta of 1.47.

Almonty Industries Company Profile

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Almonty Industries Inc engages in mining, processing, and shipping tungsten concentrate. It owns interests in the Los Santos mine located near Salamanca, Spain; the Panasqueira tin and tungsten mine situated in Covilha and Castelo Branco, Portugal; the Sangdong tungsten mine located in Gangwon Province, Republic of Korea; and the Valtreixal tin and tungsten project located in Zamora province, Western Spain.

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