Almonty Industries (TSE:AII) Hits New 1-Year High – Here’s Why

Almonty Industries Inc. (TSE:AIIGet Free Report)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as C$0.99 and last traded at C$0.97, with a volume of 713401 shares trading hands. The stock had previously closed at C$0.91.

Almonty Industries Trading Up 6.6 %

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 firm has a market capitalization of C$250.85 million, a price-to-earnings ratio of -24.25 and a beta of 1.47. The firm’s 50-day moving average is C$0.86 and its 200 day moving average is C$0.78.

About Almonty Industries

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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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