Why Almonty Industries (ALM) stock slid Friday — and what matters before Monday
Almonty Industries Inc’s U.S. shares fell 7.3% to $8.63 Friday after a short lock-up from December financing expired, releasing new shares onto the market. About 3.7 million shares traded before a slight after-hours rebound. The company raised $129.4 million last month, selling 20.7 million shares at $6.25 each. Toronto shares dropped 6.8% to C$12.00 on volume of 714,000.
