Almonty Industries Nears Oversold Territory as It Consolidates Exchange Listings and Begins Sangdong Production
Published on 07/26/2026 at 17:21 | Redaktion boerse-global.de
Almonty Industries is navigating a pivotal moment on multiple fronts this week. The tungsten producer's shares have slipped into technically sensitive territory just as the company executes a long-planned withdrawal from the Toronto Stock Exchange, while its flagship Sangdong mine in South Korea shifts from development into active processing.
The stock closed at C$18.81 on Friday, shedding 5.52 percent and falling beneath its 200-day moving average of C$19.15 — a level that chart-watching investors treat as a critical threshold. The 14-day relative strength index now sits at 38.8, edging toward oversold conditions without having crossed that line. On a monthly basis, the shares have dropped 19.58 percent, and the annualized 30-day volatility stands at 81.09 percent.
Yet the recent weakness must be weighed against a far stronger longer-term picture. Almonty remains up 55.84 percent since the start of the year and has gained 211.42 percent over the past twelve months. The current price sits 43.60 percent below the 52-week high of C$33.35.
Exchange Consolidation Takes Effect
The voluntary delisting from the TSX becomes effective at the close of trading on Friday, July 31, 2026. Management cited low trading volumes on the Canadian exchange relative to the Nasdaq Capital Market, arguing that maintaining multiple listings no longer served shareholder interests. The move eliminates duplicate costs for listing, administration, and compliance.
Should investors sell immediately? Or is it worth buying Almonty?
Investors holding shares in Canadian accounts will need to transfer their positions to the Nasdaq or Frankfurt exchanges to maintain exposure. After Friday, all North American trading liquidity will be concentrated under the ticker ALM on the Nasdaq.
The Australian Securities Exchange exit follows a similar logic. The ASX approved the removal of Almonty's CHESS Depositary Interests on July 23, 2026. The company stopped issuing new CDIs the following day. On Wednesday, July 29, Almonty will send information letters to all CDI holders, who can either convert their holdings into Nasdaq shares or sell through a voluntary facility. CDI trading on the ASX will continue until the close on August 28, 2026, with the final delisting set for September 1.
Sangdong Moves Into Production
Operationally, the focus has shifted decisively to Sangdong. The processing plant began operations on July 1, 2026, marking the transition from development to commercial production of saleable tungsten concentrate. Almonty is currently processing approximately 139,700 tonnes of stockpiled ore with an average grade of 0.25 percent tungsten trioxide.
Phase 1 of the project is expected to deliver roughly 2,300 tonnes of tungsten concentrate annually. A recently extended offtake agreement with Global Tungsten & Powders provides significant revenue visibility: the contract now runs for 21 years and covers approximately 90 percent of Phase 1 production. Western markets are actively seeking supply chains independent of dominant foreign tungsten producers, adding strategic weight to the project.
Institutional Buying Offers a Counter-Narrative
While the share price has come under pressure, at least one institutional investor has been adding aggressively. Cooper Creek Partners Management more than doubled its stake during the first half of the year, purchasing 2.51 million additional shares. The fund now holds roughly 4.78 million shares, representing about 1.69 percent of the company.
Almonty at a turning point? This analysis reveals what investors need to know now.
Analysts have also maintained a constructive view. Sphene Capital reaffirmed its buy rating on July 20, 2026, raising its price target from C$37.40 to C$38.90. The analyst highlighted the expanded GTP offtake agreement as a factor that materially improves cash flow visibility.
What to Watch This Week
For the near term, reclaiming the 200-day moving average at C$19.15 would provide the first technical signal that the current correction is stabilizing. Above that, the 50-day average at C$23.81 and the 100-day average at C$25.09 represent the next resistance levels.
The TSX remains accessible for trading until Friday's close. After that, the question becomes whether liquidity and price action on the Nasdaq and Frankfurt exchanges develop as management expects — and whether Sangdong's ramp-up can translate into the stable cash flows that the long-term GTP contract promises.
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