Almonty Industries (TSE:AII) Share Price Passes Above 50-Day Moving Average – What’s Next?

Almonty Industries Inc. (TSE:AIIGet Free Report)’s share price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$0.87 and traded as high as C$0.87. Almonty Industries shares last traded at C$0.87, with a volume of 30,512 shares.

Almonty Industries Trading Down 2.2 %

The firm has a market capitalization of C$224.99 million, a PE ratio of -21.75 and a beta of 1.47. 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 company’s 50-day simple moving average is C$0.87 and its 200 day simple moving average is C$0.77.

Almonty Industries Company Profile

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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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