Screened 2026-09-11 · the tape above runs as of 22:12 UTC · 11 Sep · two dates, stated on purpose · verdict and workings shown in full · never trimmed
The Label · The Season, Not the Day
This name holds its markup label.
Almonty Industries Inc. holds its Markup at $15.49. The statistical read favours the buyers, held for 8 days.
As held on the ledger · 2026-09-11
Phase
Markup
Quantitative state
The statistical read favours the buyers, held for 8 days
Price at the screen
$15.49
Valuation
67.35 trailing · 12.37 forward price to earnings
Values screen
PASS· score 70.0
Beta
1.39
The Workings
Five Screens, Shown in Full
Full pass across all five screens. This security clears the Titan Ethical Standard: its business and its balance sheet both stay inside the lines.
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
27.49%
Below 33%
Interest-bearing debt is just 27.5% of its assets, well under the one-third ceiling: it does not run on borrowed money.
Pass
Interest-bearing cash
0.00%
Below 33%
Cash held in interest-bearing accounts and securities is 0.0% of assets, under the one-third limit.
Pass
Receivables
45.62%
Below 49%
Money owed to the company is 45.6% of assets, under the 49% limit.
Pass
Revenue purity
4.73%
Below 5%
Only 4.7% of revenue comes from non-compliant sources, under the 5% line.
Pass
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
Fair value range in USD, drawn from the 2026-09-11 screen. The gold marker is the market price at the same screen. A 16.8% margin of safety to the base estimate.
Third-party analyst targets: 9 covering, consensus Strong Buy. The average target sits +65% from the screen price.
Reading the gap · Both our model and the analysts see meaningful upside from here.
Price History & Projections
Where it has been, where the models see it going. History from market close data; projection points are our fair-value estimates and third-party analyst targets, dated to the 2026-09-11 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Tungsten Miner Grows Fast but Bleeds Cash
Picture a miner chasing tungsten prices that swing like a pendulum. Almonty has posted 221% revenue growth yet still runs at a 265% negative profit margin and a 71% negative return on equity. The low 9.8 times forward earnings multiple looks tempting on paper, but this is exactly the cyclical value trap we watch for.
We pass because the business sits in a notoriously volatile sector where peak earnings often coincide with the lowest multiples. Strong analyst targets sit well above the current price and the ethical screen clears, yet the scale of ongoing losses and unknown competitive position outweigh those points.
Currency swings, project delays and sudden metal-price drops remain real threats that could erase any apparent margin of safety quickly. Analysis, not advice.
The risks · The things to watch: it already moves more than the market on an average day.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
ALM trades on Nasdaq. As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The Dated Journal · Newest First, Never Edited
Every Entry, As Written
2026-08-21Markup$13.42-2.5%Entry 6
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 2.5% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B. Technically it is holding around 80% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 186%. Our forward projection puts the odds of a 10% gain over the next month near 54%. The street (7 analysts) rates it strong buy, with a mean price target of $24.
2026-07-21Markup$13.77-22.1%Entry 5
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 22.1% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it A. Technically it is holding around 80% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 186%. Our forward projection puts the odds of a 10% gain over the next month near 54%. The street (7 analysts) rates it strong buy, with a mean price target of $24.
2026-07-18Markup$17.68+0.0%Entry 4
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it A. Technically it is holding around 80% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 186%. Our forward projection puts the odds of a 10% gain over the next month near 54%. The street (7 analysts) rates it strong buy, with a mean price target of $24.
2026-07-17Markup$17.68+0.0%Entry 3
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it A. Technically it is holding around 80% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 186%. Our forward projection puts the odds of a 10% gain over the next month near 54%. The street (7 analysts) rates it strong buy, with a mean price target of $24.
2026-07-03Markup$17.68+0.0%Entry 2
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows excellent risk-adjusted returns.
2026-07-02Markup$17.68Entry 1
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows excellent risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.