Home / Market Movers / Midday Alert: Almonty Industries Inc. (CDX:AII:CA) Pressures TSX Venture Basic Materials Stocks with 3.03% Decline in Morning Trading on September 22

Midday Alert: Almonty Industries Inc. (CDX:AII:CA) Pressures TSX Venture Basic Materials Stocks with 3.03% Decline in Morning Trading on September 22

Almonty Industries Inc. (CDX:AII:CA) is amongst the weakest basic materials stocks listed on the TSX Venture Exchange through noon on September 22, with a fall of 3.03%. After closing the previous session at $0.33, shares of AII:CA opened this morning at $0.32 and are currently trading at $0.32. At the lunch break, about 11,226 shares have changed hands, compared to an average 30-day volume of 13,383 for Almonty Industries Inc.. Shares moved as high as $0.32 and as low as $0.32 in today’s morning action.

The share depreciation gives the company a market capitalization of $33.1 million based upon 100.3 million shares outstanding.

In the past 52 weeks, shares of Almonty Industries Inc. have traded as low as $0.205 and as high as $0.69. Technical traders will take note that at $0.32, shares of AII:CA are trading below their 50-day moving average (MA) at $0.343 and above their 200-day MA at above $0.31. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move beneath or holding under them is typically regarded as bearish.

Who is $Almonty Inds?

Almonty Industries Inc is engaged in the exploration and evaluation of, and the mining, processing and shipping of tungsten concentrate. The Company's projects include the Los Santos Mine, located in Queensland, Australia. The company is led by its CEO Lewis Black from its headquarters at 100 King Street West.


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About the TSX Venture Exchange

Owned and operated by the TMX Group, the TSX Venture Exchange is a public venture capital marketplace for emerging companies. It is headquartered in Calgary, Alberta, Canada with offices in Toronto, Vancouver and Montreal. All trading on the exchange is done electronically. Originally established in 1999, the “Venture,” as it is often shortened, was previously known as the Canadian Venture Exchange, but renamed in 2001 subsequent to the TSX Group (now known as the TMX Group) purchasing it.

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