Almonty Industries (TSE:AII) Stock Crosses Below 50 Day Moving Average – Time to Sell?

Almonty Industries Inc. (TSE:AII)’s share price passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$1.50 and traded as low as C$1.50. Almonty Industries shares last traded at C$1.59, with a volume of 174,760 shares.

Almonty Industries Price Performance

The firm has a market cap of C$463.46 million, a price-to-earnings ratio of -23.08 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 company has a 50 day moving average of C$1.50 and a 200 day moving average of C$1.08.

Insider Buying and Selling

In related 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 transaction of C$31,500.00. In the last quarter, insiders have sold 50,600 shares of company stock valued at $98,860. 39.04% of the stock is owned by company 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.