Almonty Industries (TSE:AII) Share Price Crosses Above Fifty Day Moving Average – Here’s Why

Almonty Industries Inc. (TSE:AII)’s stock price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$1.35 and traded as high as C$1.90. Almonty Industries shares last traded at C$1.81, with a volume of 343,094 shares changing hands.

Almonty Industries Price Performance

The firm has a market capitalization of C$527.59 million, a price-to-earnings ratio of -26.28 and a beta of 1.47. The stock’s fifty day moving average price is C$1.35 and its two-hundred day moving average price is C$1.02. The company has a current ratio of 0.38, a quick ratio of 0.11 and a debt-to-equity ratio of 225.11.

Insider Buying and Selling at Almonty Industries

In related news, Senior Officer Marion Mcgrath sold 31,600 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of C$1.90, for a total value of C$60,040.00. Insiders have sold a total of 50,600 shares of company stock worth $98,860 over the last ninety days. Corporate insiders own 39.04% of the company’s stock.

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.