Almonty Industries Inc. is trading 5.1% up at $20.97 as investors continue to re-rate the stock on its transition toward cash-generating tungsten production.
- The move builds on this week’s rebound, with traders focused on the Sangdong project ramp-up and improving tungsten pricing sentiment.
- The company is gaining traction due to its positioning as a strategic Western tungsten supplier, providing a hedge against broader market volatility.
- The stock's gains come despite a downturn in crypto markets and mixed performance across major indices.