NasdaqCM:ALMMetals and Mining
Almonty Industries (NasdaqCM:ALM) Stock Climbs On Profit Swing And Fresh Funding
Almonty Industries came into this quarter with a bruised track record of widening losses, yet the stock jumped 8.3% today as investors reacted to fresh numbers. The move signals that the market is suddenly willing to pay up for the tungsten producer, even though the business remains firmly in loss making territory.
The headline this quarter is profit pressure, not growth. Recent quarters show sizeable net losses against relatively modest revenue. This keeps the spotlight on cash burn, balance...