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 Inc. has experienced a notable rise in its stock price, driven by significant momentum in tungsten and molybdenum pricing. Additionally, the company’s plans to restart tungsten mining operations at its Sangdong Mine in South Korea, amid supply shortages, have further fueled investor optimism. As a result, analysts have increased their price targets for the company, reflecting a positive outlook.
More about Almonty Industries
YTD Price Performance: 586.03%
Average Trading Volume: 486,646
Technical Sentiment Signal: Buy
Current Market Cap: C$2.03B
For further insights into AII stock on TipRanks’ Stock Analysis page.
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