Shares of Tungsten West PLC (LON:TUN – Get Free Report) were up 1.2% during trading on Thursday . The stock traded as high as GBX 34.55 and last traded at GBX 33.90. 1,610,016 shares were traded during trading, a decline of 60% from the average session volume of 3,999,535 shares. The stock had previously closed at GBX 33.50.
Tungsten West Stock Performance
The company has a debt-to-equity ratio of -167.64, a quick ratio of 7.04 and a current ratio of 0.06. The company has a market cap of £422.96 million, a PE ratio of -1.30 and a beta of 0.28. The business’s 50-day moving average is GBX 37.08 and its 200 day moving average is GBX 29.74.
About Tungsten West
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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