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ALM Surges As Almonty Rides Tungsten Supply Crunch

TIM SYKES•UPDATED JUL. 11, 2026, 11:07 AM ET
Reviewed by Bryce Tuoheyand Fact-checked by Matt Monaco

Almonty Industries Inc. stocks have been trading up by 13.08 percent following strong sentiment around its strategic tungsten operations.

What Traders Need To Know

  • Active mining has begun at the Sangdong project in South Korea, putting Almonty Industries Inc. at the center of Western-aligned tungsten supply amid rising prices and security concerns.
  • The company is positioned as a leading non‑Chinese tungsten producer, with Sangdong and European operations framed as cornerstone suppliers into Western and defense-related offtake agreements.
  • Almonty Industries Inc. is cited as an established tungsten producer expanding toward U.S. assets, seen as the mature end of the tungsten supply spectrum that juniors are aiming to match.
  • Recent weekly action shows ALM bouncing from the mid-$14s back above $16, signaling renewed buying interest after a short pullback.

Candlestick Chart

Weekly Update Jul 06 – Jul 10, 2026: On Saturday, July 11, 2026 Almonty Industries Inc. stock [NASDAQ: ALM] is trending up by 13.08%! Discover the key drivers behind this movement as well as our expert analysis in the detailed breakdown below.

Materials industry expert:

Analyst sentiment – neutral

Almonty Industries (ALM) occupies a strategically important niche as a Western-aligned tungsten producer, but current fundamentals are extremely weak. Despite mid‑20% multi‑year revenue CAGR, EBIT margin of about -250% and ROE near -70% signal a deeply loss‑making profile. Valuation is stretched: price‑to‑sales above 160x and price‑to‑book above 23x are well beyond peers given negative cash flow (CFPS around -0.02). Balance sheet liquidity is sound (current ratio 2.5, cash ~€260m), but free cash flow of about -€12m and heavy capex highlight ongoing funding dependence on equity and asset monetization.

Technically, the dominant near‑term trend is sideways with high volatility after a sharp pullback. Weekly data show a drop from 16.33 to 14.53 before an aggressive rebound to a 16.70 high and 16.62 close, indicating strong dip buying around the 14.50–15.00 zone. Intraday 5‑minute candles confirm elevated volume on breaks above 16.00, turning that region into near‑term support. A precise actionable level is 16.00: above it, a tactical long bias is justified; a sustained break below targets a retest of 14.80.

Fundamentally, ALM is levered to a powerful geopolitical tungsten thesis, with Sangdong now in active mining and the company repeatedly cited as the cornerstone non‑China supplier for Western and defense customers. Sector benchmarks in Materials and Mining trade on single‑digit EV/EBITDA and low price‑to‑book, underscoring ALM’s premium is entirely narrative‑ and scarcity‑driven. Moody’s Ba1 upgrade for peer Almirall highlights how rating agencies reward visible growth and deleveraging; ALM must convert projects into stable EBITDA to justify its multiples. Base case: Neutral, with key support at 16.00 and resistance near 18.00; risk‑tolerant investors can accumulate on dips toward 15.00 only if project ramp‑up milestones are tracking.

More Breaking News

Quick Financial Overview

Almonty Industries Inc. sits in a sweet spot thematically: Western governments want secure non‑Chinese tungsten, and the company is already mining at Sangdong in South Korea while running operations in Europe. That positioning, plus talk of expansion toward U.S. assets, gives ALM a strong macro story that many juniors in the space simply do not have. For traders, this backdrop supports the idea that positive news flow and geopolitical headlines can act as recurring catalysts.

On the tape, ALM has shown clear volatility with a bullish tilt. After slipping from about $16.33 to the mid-$14s, the stock turned sharply, pushing from roughly $14.53 back toward $16.62 in just a few sessions. Intraday, a 5-minute candle that opened near $15.01 and ripped to a high around $16.81 before closing near $16.61 shows aggressive demand stepping in on dips and chasing strength.

Financially, the picture is more complex. Revenue is about $32.51M, growing strongly over three and five years, but margins are deeply negative, with profit metrics well below zero and returns on equity and assets also negative. Cash and liquidity look solid, with a current ratio around 2.5 and meaningful cash on the balance sheet, yet free cash flow is negative as the company spends heavily on property, plant, and equipment. Traders should treat ALM as a high-multiple, story-driven critical-minerals name where valuation ratios like price-to-sales above 160 signal expectations for future cash flows, not present ones.

Conclusion

This is stock news, not investment advice. Timothy Sykes News delivers real-time stock market news focused on key catalysts driving short-term price movements. Our content is tailored for active traders and investors seeking to capitalize on rapid price fluctuations, particularly in volatile sectors like penny stocks. Readers come to us for detailed coverage on earnings reports, mergers, FDA approvals, new contracts, and unusual trading volumes that can trigger significant short-term price action. Some users utilize our news to explain sudden stock movements, while others rely on it for diligent research into potential investment opportunities.

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A 2000 study called “Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors” evaluated 66,465 U.S. households that held stocks from 1991 to 1996. The households that traded most averaged an 11.4% annual return during a period where the overall market gained 17.9%. These lower returns were attributed to overconfidence.

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Citations for Disclaimer

Barber, Brad M. and Odean, Terrance, Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors. Available at SSRN: “Day Trading for a Living?”

Barber, Brad M. and Lee, Yi-Tsung and Liu, Yu-Jane and Odean, Terrance and Zhang, Ke, Learning Fast or Slow? (May 28, 2019). Forthcoming: Review of Asset Pricing Studies, Available at SSRN: “https://ssrn.com/abstract=2535636”

Chague, Fernando and De-Losso, Rodrigo and Giovannetti, Bruno, Day Trading for a Living? (June 11, 2020). Available at SSRN: “https://ssrn.com/abstract=3423101”