Almonty Industries (TSE:AII) Shares Cross Above 50 Day Moving Average – Should You Sell?

Almonty Industries Inc. (TSE:AII) shares crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$1.68 and traded as high as C$2.34. Almonty Industries shares last traded at C$2.12, with a volume of 299,760 shares changing hands.

Almonty Industries Trading Down 8.2 %

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 business’s fifty day moving average is C$1.68 and its two-hundred day moving average is C$1.15. The firm has a market cap of C$617.95 million, a price-to-earnings ratio of -30.78 and a beta of 1.47.

Insider Activity

In other news, Senior Officer Marion Mcgrath sold 31,600 shares of Almonty Industries stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of C$1.90, for a total transaction of C$60,040.00. In the last ninety days, insiders sold 50,600 shares of company stock valued at $98,860. Company insiders own 39.04% of the company’s stock.

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.