Almonty Industries (TSE:AII) Share Price Passes Above 50-Day Moving Average – Should You Sell?

Almonty Industries Inc. (TSE:AIIGet Free Report) 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 traded.

Almonty Industries Stock Performance

The stock has a 50 day moving average of C$0.87 and a 200 day moving average of C$0.77. 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 firm has a market cap of C$224.99 million, a price-to-earnings ratio of -21.75 and a beta of 1.47.

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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