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 shares climbed after the company confirmed that active mining has started at its flagship Sangdong tungsten project, boosting investor confidence in future cash flows. The ramp‑up plan includes reaching full Phase I production in 2026, with Phase II expected to double output by 2027.
In response to these developments, B. Riley raised its price target on Almonty and reiterated a Buy rating. The firm also highlighted ongoing drilling at Sangdong and the company’s push into North America as key catalysts that could further support the stock’s upward momentum.
More about Almonty Industries
YTD Price Performance: 59.82%
Average Trading Volume: 870,454
Technical Sentiment Signal: Buy
Current Market Cap: C$5.07B
For further insights into AII stock on TipRanks’ Stock Analysis page.
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