[U.S. Stock Market Movement] Almonty Industries Plunges Sharply on October 12: High Valuation, Profit-Taking, and Share Supply
Bitget异动解读2026/10/12 13:40Almonty Industries October 12 Sharp Drop Analysis
Keywords: high valuation, profit-taking, share supply
1. On September 17, 2026, the Sangdong processing plant obtained its final operational certification and approval for commercial production. The related positive news had already been disclosed before October 11; after the positive news materialized, the company's stock price underwent a correction, declining by a total of 18.49% over the past 5 days.
2. On September 22, 2026, the company's price-to-earnings ratio was approximately 55.2 times, significantly higher than the metal mining industry average of about 19.9 times; on September 24, Goldman Sachs gave a neutral rating and a target price of $13, so the pressure of valuation adjustment remains.
3. On August 5, 2026, the company registered about 14.02 million employee incentive shares, for relevant holders to resell. The company does not receive proceeds from these sales, which increases the potential supply of circulating shares.
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