Almonty Industries (TSE:AII) Share Price Crosses Below 50 Day Moving Average of $0.66

Almonty Industries Inc. (TSE:AII)’s share price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$0.66 and traded as low as C$0.59. Almonty Industries shares last traded at C$0.59, with a volume of 52,491 shares trading hands.

Almonty Industries Stock Performance

The business has a 50 day simple moving average of C$0.66 and a 200 day simple moving average of C$0.62. The company has a quick ratio of 0.11, a current ratio of 0.58 and a debt-to-equity ratio of 233.78. The company has a market capitalization of C$159.50 million, a PE ratio of -12.00 and a beta of 1.39.

Almonty Industries (TSE:AII) last announced its quarterly earnings data on Tuesday, May 14th. The company reported C($0.02) earnings per share (EPS) for the quarter. Almonty Industries had a negative return on equity of 21.86% and a negative net margin of 43.91%. The firm had revenue of C$7.82 million during the quarter. Equities research analysts predict that Almonty Industries Inc. will post 0.04 EPS for the current fiscal year.

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.