Almonty Industries (TSE:AII) Trading Up 22.6% – Should You Buy?

Almonty Industries Inc. (TSE:AII) was up 22.6% on Tuesday . The stock traded as high as C$1.96 and last traded at C$1.95. Approximately 271,839 shares traded hands during mid-day trading, a decline of 45% from the average daily volume of 492,487 shares. The stock had previously closed at C$1.59.

Almonty Industries Price Performance

The company has a 50-day moving average price of C$1.50 and a two-hundred day moving average price of C$1.08. The company has a debt-to-equity ratio of 225.11, a current ratio of 0.38 and a quick ratio of 0.11. The company has a market cap of C$623.78 million, a PE ratio of -31.07 and a beta of 1.47.

Insider Buying and Selling

In related news, Senior Officer Marion Mcgrath sold 31,600 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of C$1.90, for a total value of C$60,040.00. Over the last 90 days, insiders have sold 50,600 shares of company stock worth $98,860. 39.04% of the stock is currently owned by corporate insiders.

Almonty Industries Company Profile

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.