Today: 23 May 2026
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TSX:ALM 30 December 2025 - 11 January 2026

Almonty Industries stock today: ALM slips as CBS report spotlights U.S. tungsten supply deal

Almonty Industries stock today: ALM slips as CBS report spotlights U.S. tungsten supply deal

Almonty Industries shares fell 3.9% to $8.90 Tuesday after early gains, trading between $8.90 and $9.39. The drop followed news that CEO Lewis Black met U.S. officials and signed a deal tied to future tungsten supply from the Sangdong mine in South Korea, which is set to start production in early 2026. Almonty recently raised $129.4 million in a U.S. share sale and delivered its first ore to Sangdong’s staging area.

Stock Market Today

  • Smallcase Managers Bullish on Nifty 50 Hitting 30,000 by FY27-End
    May 23, 2026, 2:08 AM EDT. Despite a 9% decline this year, Smallcase managers project the Nifty 50 index to reach 28,000-30,000 by FY27-end, signaling a 15-25% upside. They expect the rally to be driven by earnings growth, not valuation gains, focusing on sustainable profitability, execution, and balance sheet strength. EPS estimates for Nifty and Sensex range between ₹1,280-₹1,320, with valuations at 22x-24x earnings. Key sectors driving growth include Banking, Capital Goods, Telecom, and domestic manufacturing. Defensive sectors like Pharma and FMCG may offer portfolio stability, while IT Services could recover gradually. Implementation of free trade agreements with the EU, US, and UK is expected to enhance export competitiveness and profitability.

Latest articles

Dow Hits Record Close; All Eyes Turn to Holiday-Week Trading

Dow Hits Record Close; All Eyes Turn to Holiday-Week Trading

23 May 2026
The Dow closed at a record 50,579.70 on Friday, while the S&P 500 notched its eighth straight weekly gain. After-hours trading saw SPY, QQQ, DIA, and IWM all move lower. U.S. markets will be closed Monday for Memorial Day. Investors await Thursday’s inflation data.
IREN Stock Pauses as Nvidia Rally Cools Before Holiday

IREN Stock Pauses as Nvidia Rally Cools Before Holiday

23 May 2026
IREN shares fell 2.1% to $56.83 Friday, ending a two-day rally but closing the week up 7.4%. The stock’s moves follow a $3.4 billion AI cloud deal with Nvidia and a $3 billion convertible note offering. March-quarter revenue dropped to $144.8 million, with a net loss of $247.8 million. U.S. markets close Monday for Memorial Day; trading resumes Tuesday.
AXT stock reaches record; investors weigh risk to rally

AXT stock reaches record; investors weigh risk to rally

23 May 2026
AXT shares jumped 16.37% to $140.83 on Friday, hitting a 52-week high and trading above all recent analyst targets. The surge followed strong demand for AI-linked optical networking hardware and a sharp rise in indium phosphide orders. First-quarter revenue climbed to $26.9 million, with gross margin turning positive. Management forecast Q2 profitability and a backlog over $100 million.
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