Almonty Industries Streamlines Listings as Sangdong Output Ramps Up, Stock Tests Key Support
Published on 07/26/2026 at 15:52 | Redaktion boerse-global.de
Almonty Industries is navigating a period of significant structural change, with the tungsten producer executing a dual exchange exit just as its flagship South Korean mine transitions into commercial production. The company’s stock has felt the pressure, slipping below a closely watched technical level as investors digest the shifting landscape.
The shares closed at C$18.81 on Friday, down 5.52% on the day, a move that pushed the price 1.78% below the 200-day moving average of C$19.15. For chart-focused traders, that breach is a cautionary signal. The monthly decline now stands at 19.58%, while the 14-day relative strength index sits at 38.8, pointing to sustained selling pressure. Volatility remains extreme, with the 30-day annualized reading hitting 81.09%.
Yet the long-term picture tells a very different story. The stock is still up 55.84% year-to-date and has surged 211.42% over the past twelve months, a rally driven largely by the transition of the Sangdong mine from development into a producing asset. The processing plant began operations on July 1, 2026, marking the start of commercial-grade tungsten concentrate output.
A Coordinated Exchange Exit
The company is in the final stages of withdrawing from two of its four listing venues. The Toronto Stock Exchange delisting takes effect at the close of trading on July 31, 2026, following a voluntary application. The Australian Securities Exchange exit follows on September 1, 2026, after the ASX approved the removal of Almonty’s CHESS Depositary Interests from its official list on July 23.
Should investors sell immediately? Or is it worth buying Almonty?
Almonty has already stopped issuing new CDIs as of July 24. On July 29, the company will send information packages to CDI holders, who will have the option to convert their holdings into Nasdaq-listed shares or sell through a voluntary facility. CDI trading on the ASX will continue until the close on August 28.
The rationale is straightforward: trading volumes on both the TSX and ASX have dwindled relative to the Nasdaq, where the bulk of Almonty’s liquidity now resides. The costs of maintaining compliance and administrative obligations across multiple bourses no longer serve shareholder interests. Once both exits are complete, all North American trading will be concentrated on the Nasdaq Capital Market under the ticker ALM. The Frankfurt listing remains unaffected.
Capital Move and Analyst Support
Just ahead of the ASX delisting, Almonty executed a routine capital measure. On July 24, 2026, the company issued 62,518 new common shares under a cleansing notice permitted by Australian securities law, allowing the shares to be resold without additional disclosure requirements.
Despite the recent stock weakness, analyst sentiment remains constructive. Sphene Capital reaffirmed its buy rating on Almonty on July 20, 2026, and lifted its price target from C$37.40 to C$38.90. The upgrade reflects an expanded offtake agreement with Global Tungsten & Powders, which the analyst said significantly improves cash flow visibility.
Western markets are increasingly seeking supply chains independent of dominant tungsten producers, a dynamic that bolsters Almonty’s strategic position. The company continues to operate its Sangdong mine in South Korea alongside projects in Portugal, the United States, and Spain.
Almonty at a turning point? This analysis reveals what investors need to know now.
Technical Picture and Near-Term Outlook
The stock now faces a cluster of resistance levels overhead. The 50-day moving average sits at C$23.81 and the 100-day average at C$25.09, both well above the current price. The coming week will test how the market reacts to the formal TSX delisting, while the ramp-up at Sangdong proceeds in parallel.
For now, Almonty is balancing two narratives: a short-term technical correction that has pushed the stock below key support, and a longer-term operational story that has analysts raising targets and production finally underway. The next few weeks will show which story wins out.
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