ALM
Almonty to Voluntarily Delist From ASX
Article Summary
HOLD- Almonty Industries Inc. (NASDAQ: ALM, TSX: AII, ASX (AII), and Frankfurt: ALI1) announced that Almonty Industries has requested and received formal approval from the Australian Securities Exchange to be removed from the official list of ASX pursuant to ASX Listing Rule 17.11 subject to conditions described below, with the Delisting expected to occur on 1 September 2026.
- Almonty Industries's CHESS depositary interests (CDIs) will be suspended and cease to trade on the ASX at close of trade on 28 August 2026, while Shares will continue to be traded on Nasdaq (ALM) and Frankfurt (ALI1), with the Company seeking to delist from ASX due to low and declining volumes traded on ASX as compared to Nasdaq and TSX.
- The number of CDIs held on the Australian register have declined to approximately 0.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | 74.5% | 25% | 100.0 ptsExceptional (74.5%) - Hypergrowth |
| EPS Growth Next 5Y ? | 0.0% | 25% | 10.0 ptsVery Weak (0.0%) - Minimal expectations |
| Target Price Upside ? | 83.7% | 20% | 100.0 ptsMassive Upside (83.7%) - Target: $26.05 vs Current: $14.18 |
| Gross Margin % ? | 29.4% | 15% | 40.0 ptsModerate (29.4%) - Adequate margins |
| Drawdown from 52-Wk High ? | -41.9% | 15% | 80.0 ptsSolid Dip (-41.9%) - Good entry zone |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About ALM
- Almonty Industries Inc. engages in mining, processing, and shipping of tungsten concentrates.
- The company explores for tin and tungsten deposits.
- It holds 100% interests in the Canada, Korea, Portugal, Spain, and the United States projects and mines.
- The company is headquartered in Dillon, Montana.