Almonty Shares Surge on Technical Breakout and Strategic Expansion

Almonty CA0203981034

Almonty Industries Inc. has cemented a significant technical milestone, with its stock price breaking decisively above a key moving average. This move underscores a powerful uptrend that has delivered extraordinary returns to shareholders over the past year, driven by the company's strategic positioning in the critical tungsten market.

The company's equity performance has been nothing short of remarkable. Over a 12-month period, Almonty shares have soared by 748%, dramatically outpacing the 33% gain of the S&P/TSX Composite index. This investor enthusiasm is rooted in tungsten's growing status as a critical mineral and a concerted push by Western nations to diversify supply chains away from Chinese dominance.

Technical Indicators Signal Sustained Momentum

Recent trading activity highlights the stock's strength. During Friday's session on the Toronto Stock Exchange, the share price climbed as high as CAD $12.54 before settling at a close of CAD $12.09. This level sits comfortably above the 50-day moving average of CAD $10.77. The even more significant 200-day moving average, at CAD $8.61, runs well below the current price, charting a clear and established upward trajectory for the stock.

Trading volume for the day reached 847,207 shares, exceeding the average daily volume of approximately 743,000 shares.

Key Data Points:
* 50-Day Moving Average: CAD $10.77
* 200-Day Moving Average: CAD $8.61
* Market Capitalization: ~USD $2.2 billion
* 52-Week Range: CAD $1.41 – CAD $14.99
* 1-Year Performance: +748%
* Beta: 1.27

Building a Global Tungsten Platform

Almonty is actively transforming into a multi-jurisdiction integrated tungsten producer. A major step in this expansion was the November 2025 acquisition of the Gentung Browns Lake Tungsten Project in Montana, marking the company's strategic entry into the United States market. This project complements its existing mining and processing operations in Portugal, Spain, and South Korea.

Strengthening the Leadership Team

To support its ambitious growth, Almonty has recently bolstered its executive ranks. On January 6, 2026, Guillaume Wiesenbach de Lamaziere, CFA, was appointed Chief Development Officer, taking responsibility for corporate development strategy. This followed the December 2025 appointment of retired Brigadier General Steven L. Allen as Chief Operating Officer. Allen's mandate is to optimize tungsten deliveries from the flagship Sangdong and Panasqueira mines.

Financials Reflect a Company in Growth Mode

The company's financial metrics illustrate its development-stage profile. For the third quarter of 2025, Almonty reported revenue of CAD $8.7 million and a GAAP earnings per share (EPS) of CAD $0.13. On a trailing twelve-month basis, the diluted EPS stands at -CAD $0.24, with a return on equity of -57.31%.

Selected Financial Ratios:
* Debt-to-Equity: 115.13%
* Current Ratio: 2.38
* Quick Ratio: 2.16
* Forward P/E Ratio: 52.36

Analyst sentiment remains positive. In December 2025, DA Davidson reaffirmed its "Buy" rating on Almonty, attaching a USD $12.00 price target. The average analyst price target, based on two evaluations, is currently USD $12.00.

The Strategic Tungsten Thesis

The global focus on tungsten is intensifying due to its essential role in defense, aerospace, and high-technology manufacturing. As Western governments seek to secure non-Chinese sources of this critical material, Almonty's geographically diversified project portfolio positions it as a potentially key supplier in a reconfiguring global supply chain.