Tungsten West (LON:TUN) Announces Earnings Results

Tungsten West (LON:TUNGet Free Report) posted its quarterly earnings results on Wednesday. The company reported GBX (21.40) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Tungsten West had a negative return on equity of 44.58% and a negative net margin of 1,343.41%.

Tungsten West Price Performance

Shares of LON:TUN opened at GBX 10.79 on Friday. The firm has a market capitalization of £20.36 million, a PE ratio of -0.90 and a beta of -0.60. The company has a current ratio of 0.33, a quick ratio of 7.04 and a debt-to-equity ratio of 63.33. Tungsten West has a 1-year low of GBX 2.50 and a 1-year high of GBX 15. The business’s 50 day moving average is GBX 10.57 and its 200-day moving average is GBX 9.77.

Tungsten West Company Profile

(Get Free Report)

Tungsten West Plc is a UK based company focussed on recommencing production at the Hemerdon tungsten and tin mine in Devon, England.

The Hemerdon mine is the world’s third largest Tungsten resource. The mine has had over £170m spent on it via the previous operator, with first production expected in 2022 and a mine life of 18.5 years. The Company is focused on rebuilding and restarting the mine to supply two critically important strategic minerals in tungsten and tin both domestically and globally.

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