Why Did Almonty Industries Plunge 10.81%?

On July 25, 2025, Almonty Industries experienced a significant drop of 10.81% in pre-market trading, marking a notable decline in its stock performance.

Almonty Industries Inc. Common Shares trust has been on a downward trend, losing 1.55% on July 24, 2025. The stock has fallen in 7 out of the last 10 days, indicating a broader negative sentiment. The technical indicators suggest a bearish outlook, with sell signals from both short and long-term moving averages. The stock is currently oversold on the RSI14, which could present a potential rebound opportunity if the market conditions improve.

Analysts have noted that the stock has broken a wide and falling short-term trend, which may signal a slower falling rate or an early indication of a trend shift. However, the lack of support from accumulated volume below the current level poses a risk of further decline. The stock's volatility has been relatively high, with daily average movements of 5.57% over the past week.

Despite the negative signals, some analysts see potential in Almonty Industries, particularly given its role in the tungsten market. Sphene Capital has identified around 40% potential in Almonty shares, highlighting the strategic importance of tungsten in high-tech industries. This positive outlook contrasts with the current technical indicators, suggesting that investors may be looking beyond short-term fluctuations to the long-term prospects of the company.