Almonty Industries (TSE:AII) Sets New 52-Week High – Should You Buy?

Almonty Industries Inc. (TSE:AII) shares reached a new 52-week high on Wednesday . The stock traded as high as C$2.29 and last traded at C$2.25, with a volume of 1934916 shares traded. The stock had previously closed at C$1.59.

Almonty Industries Stock Up 41.5 %

The stock has a market cap of C$655.84 million, a P/E ratio of -32.67 and a beta of 1.47. 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 has a 50-day simple moving average of C$1.52 and a 200-day simple moving average of C$1.09.

Insider Buying and Selling

In other Almonty Industries news, Senior Officer Marion Mcgrath sold 31,600 shares of Almonty Industries stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of C$1.90, for a total value of C$60,040.00. In the last three months, 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.