Almonty Industries stock drops after lock-up ends; traders look to March earnings date
Almonty Industries shares fell 6.8% in Toronto and 7.8% on Nasdaq after a 30-day lock-up from December’s $129 million equity offering expired Jan. 8. The stock hit C$12.01 by 1 p.m. EST, down from Thursday’s C$12.88 close. Investors are watching for selling pressure, Sangdong mine ramp-up updates, and the next results date in late March.