Almonty Industries (TSE:AII) Trading Down 11.4% – What’s Next?

Shares of Almonty Industries Inc. (TSE:AII) were down 11.4% on Monday . The stock traded as low as C$1.64 and last traded at C$1.64. Approximately 187,612 shares changed hands during mid-day trading, a decline of 63% from the average daily volume of 505,102 shares. The stock had previously closed at C$1.85.

Almonty Industries Stock Performance

The company has a quick ratio of 0.11, a current ratio of 0.38 and a debt-to-equity ratio of 225.11. The firm has a market cap of C$463.46 million, a P/E ratio of -23.08 and a beta of 1.47. The business has a fifty day simple moving average of C$1.43 and a 200-day simple moving average of C$1.05.

Insider Buying and Selling

In other news, Senior Officer Marion Mcgrath sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of C$2.10, for a total value of C$31,500.00. Insiders sold a total of 50,600 shares of company stock worth $98,860 in the last three months. 39.04% of the stock is owned by corporate insiders.

About Almonty Industries

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.