Almonty Industries (TSE:AII) Reaches New 12-Month High – Time to Buy?

Almonty Industries Inc. (TSE:AII) shares hit a new 52-week high during trading on Tuesday . The company traded as high as C$0.97 and last traded at C$0.91, with a volume of 239790 shares changing hands. The stock had previously closed at C$0.88.

Almonty Industries Stock Up 6.8 %

The company has a quick ratio of 0.11, a current ratio of 0.77 and a debt-to-equity ratio of 264.14. The firm has a market cap of C$243.09 million, a P/E ratio of -23.50 and a beta of 1.47. The stock’s 50-day simple moving average is C$0.79 and its 200 day simple moving average is C$0.70.

Almonty Industries (TSE:AII) last released its quarterly earnings data on Tuesday, August 13th. The company reported C($0.01) earnings per share (EPS) for the quarter. The company had revenue of C$7.94 million for the quarter. Almonty Industries had a negative return on equity of 24.54% and a negative net margin of 41.34%. As a group, research analysts forecast that Almonty Industries Inc. will post 0.0199773 EPS for the current fiscal year.

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.