Almonty Industries ( (TSE:AII) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Almonty Industries’ stock price movement is influenced by a rise in Tungsten/APT prices, attributed to supply/demand imbalances, U.S. policies, and China’s export controls. Oppenheimer has responded by raising the stock’s price target. Meanwhile, Almonty is actively defending its shareholder interests by taking legal action against Pure Tungsten for spreading misinformation. However, despite positive technical signals, the stock remains neutral due to weak financial performance and high leverage.
More about Almonty Industries
YTD Price Performance: 928.68%
Average Trading Volume: 484,800
Technical Sentiment Signal: Buy
Current Market Cap: C$2.36B
For further insights into AII stock on TipRanks’ Stock Analysis page.
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