Mississauga, ON -- (SBWire) -- 05/22/2018 --AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled "Almonty Announces Positive Financial Results, Shares Surge 16%."
Companies mentioned in this article include Almonty Industries Inc. (TSX-Venture:AII).
Article Excerpt:
Shares of Almonty Industries Inc. (TSX-Venture:AII) continued to rally today off mid-May lows as the company announced very strong three and six months revenue results.
Lewis Black, Chief Executive Officer of Almonty, commented in today's press release, "The Company's income from mining operations recorded in Q2 of fiscal 2018 was $5,531,000, an increase of $4,850,000 over that recorded in Q1 of fiscal 2018. The EBITDA from mining operations jumped to $7,604,000 compared to $ 951,000 for the same period in fiscal 2017. We are also pleased to announce a positive net income of $ 3,759,000 or $0.02 per share for Q2. The Company's results from mining operations has significantly improved as a consequence of our new fixed-price contracts and strong market contract prices whilst costs continued to decrease, reflecting the continued strengthening of tungsten demand and price globally. The current Tungsten price is continuing to strengthen and sits significantly above the Q2 price received. With the signing of our newly-negotiated Sangdong off-take agreement, announced on March 13, 2018, we are now ready to finalize our US$85 million project financing and have already commenced the build-out of our Sangdong Mine located in South Korea. We are poised to have a very strong 2018 in both performance and growth with Q3 estimated to surpass the current Q2 results.
The full version of this article can be found at:
http://www.allpennystocks.com/aps_ca/special-reports/907/almonty-announces-positive-financial-results-shares-surge-16.htm
About AllPennyStocks.com
AllPennyStocks.com is focused on the small-cap / penny stock market and has become a reputable name in the investment community. AllPennyStocks.com runs a Canadian and US site to provide investors in Canada as well as the United States with informative and unique content and information. AllPennyStocks.com runs daily technical penny stocks to watch, has a daily market write-up, provides company spotlights, runs unique most active pages strictly for penny stocks trading on the TSX, TSX Venture, NASDAQ and OTC BB, and much more information for the average investor.
AllPennyStocks.com also runs an email newsletter that aims to uncover stocks that are still under the radar of most investors. Criteria AllPennyStocks.com looks for includes strong revenues, a seasoned management, innovative business plans, among many others. AllPennyStocks.com also looks for companies that announce breaking news, recent 52-week highs/lows, technical breakouts, and other favorable corporate information.
Investors are encouraged to subscribe to the AllPennyStocks.com FREE e-mail newsletter and see what tens of thousands of other investors have already been receiving since 1999. Investors can receive their free newsletter subscription by clicking here: http://www.allpennystocks.com/aps_common/newsletter_free.asp.
Contact:
AllPennyStocks.com Media, Inc.
Peter Szafranski -- President
Phone: 905-361-5680
E-Mail: peter@allpennystocks.com
Websites: http://www.allpennystocks.com / http://www.bullishinvestor.com
Note: AllPennyStocks.com has not received compensation for carrying the above-mentioned company; a full disclaimer can be viewed here: http://www.allpennystocks.com/aps_common/disclaimer.asp.
AllPennyStocks.com News: Almonty Announces Positive Financial Results, Shares Surge 16%