The stock of Almonty Industries Inc (CVE:AII) reached all time low today, Nov, 20 and still has $0.36 target or 10.00% below today’s $0.40 share price. This indicates more downside for the $34.84 million company. This technical setup was reported by Barchart.com. If the $0.36 PT is reached, the company will be worth $3.48M less.

Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. The stock closed at $0.4 during the last session. It is up 6.00% since October 21, 2015 and is uptrending. It has outperformed by 5.88% the S&P500.

 

Almonty Industries Inc. is a natural resource company. The company has a market cap of $34.84 million. The Firm is engaged in the acquisition, exploration, development, mining and milling of tungsten ores and related minerals. It has 15.63 P/E ratio. The principal business of the Company is mining, processing and shipping of tungsten concentrate from its Los Santos Mine in western Spain and Wolfram Camp Mine Project in north Queensland, Australia.