Almonty Industries is trading 10.12% up now at $14.63 after Q2 revenue surged 498% year over year, driven primarily by sharply higher tungsten APT pricing.
- Q2 revenue was $43.0 million; adjusted EBITDA was $17.6 million; net income reached $181.8 million versus a $58.2 million prior-year loss.
- European APT averaged US$3,075 per MTU versus US$453; Bitcoin fell 0.34% and Ethereum rose 0.34% since the previous close, so crypto did not explain the rally.
- At the August 11 close, shares were $13.29 before advancing during August 12 trading; the move substantially exceeded broader-market gains.