The Price Is Right For Almonty Industries Inc. (TSE:AII) Even After Diving 27%
Almonty Industries Inc. (TSE:AII) shares have retraced a considerable 27% in the last month, reversing a fair amount of their solid recent performance. Nonetheless, the last 30 days have barely left a scratch on the stock’s annual performance, which is up a whopping 375%.
Although its price has dipped substantially, Almonty Industries may still be sending very bearish signals at the moment with a price-to-sales (or “P/S”) ratio of 35.6x, since almost half of all companies in the Metals and Mining industry in Canada have P/S ratios under 3.6x and even P/S lower than 1.6x are not unusual. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the highly elevated P/S.
