Algoma Steel Hits Day Low of CAD 4.77 Amid Price Pressure

Algoma Steel Group, Inc. has experienced significant volatility today, with the stock hitting an intraday low of CAD 4.77, reflecting a decline of 10.34% for the day. This performance marks a stark contrast to the S&P/TSX 60, which has gained 0.68% during the same period. Over the past week, Algoma's stock has dropped 14.53%, and its one-month performance shows a decline of 26.05%.
The company's year-to-date performance is particularly concerning, with a staggering loss of 64.91%, while the S&P/TSX 60 has risen by 19.2%. Over the last year, Algoma has reported a 64.43% decrease in stock value, significantly underperforming the broader market index, which has gained 23.01%.

Financial metrics indicate ongoing challenges for Algoma Steel, including a pre-tax profit of CAD -136.5 million, a net profit of CAD -99.6 million, and a dramatic increase in raw material costs by 758.71% year-over-year. The company's market capitalization stands at CAD 675 million, and it currently has a debt-to-equity ratio of 0.44, with a return on equity of -24.79%.