Almonty Industries (TSE:AII) Sets New 1-Year High – Still a Buy?

Almonty Industries Inc. (TSE:AIIGet Free Report)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$1.32 and last traded at C$1.31, with a volume of 925587 shares traded. The stock had previously closed at C$1.21.

Almonty Industries Price Performance

The stock has a market cap of C$367.23 million, a PE ratio of -35.50 and a beta of 1.47. The business’s 50-day simple moving average is C$0.95 and its 200-day simple moving average is C$0.85. The company has a quick ratio of 0.11, a current ratio of 0.77 and a debt-to-equity ratio of 264.14.

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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