Almonty Industries (TSE:AII) Trading 22.6% Higher – What’s Next?

Shares of Almonty Industries Inc. (TSE:AII) shot up 22.6% during mid-day trading on Tuesday . The company traded as high as C$1.96 and last traded at C$1.95. 271,839 shares traded hands during mid-day trading, a decline of 45% from the average session volume of 492,487 shares. The stock had previously closed at C$1.59.

Almonty Industries Stock Up 3.6 %

The firm has a market cap of C$679.16 million, a PE ratio of -33.83 and a beta of 1.47. The company has a current ratio of 0.38, a quick ratio of 0.11 and a debt-to-equity ratio of 225.11. The firm has a 50 day moving average price of C$1.55 and a 200-day moving average price of C$1.10.

Insider Buying and Selling

In other Almonty Industries news, Senior Officer Marion Mcgrath sold 15,000 shares of the firm’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of C$2.10, for a total value of C$31,500.00. Insiders sold 50,600 shares of company stock worth $98,860 over the last 90 days. 39.04% of the stock is owned by insiders.

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.