Almonty Industries Inc (AII.AU) saw its shares surge 5.36% during intraday trading on Thursday, following the announcement of a key leadership change.
The company appointed Jorge Beristain as its new chief financial officer, effective June 1, succeeding Brian Fox. Guillaume de Lamaziere, the company's chief development officer, will serve as interim CFO until Beristain assumes the role.
Investors reacted positively to the news, driving the stock price higher as markets viewed the appointment as a potential catalyst for the company's financial strategy and future growth.