Tungsten West (LON:TUN) Stock Price Down 0.5% – Time to Sell?

Tungsten West PLC (LON:TUN) traded down 0.5% during mid-day trading on Friday . The stock traded as low as GBX 34 and last traded at GBX 34.82. 5,386,596 shares traded hands during trading, an increase of 44% from the average daily volume of 3,752,857 shares. The stock had previously closed at GBX 35.

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 stock’s fifty day moving average price is GBX 36.25 and its 200-day moving average price is GBX 32.37. The company has a market capitalization of £434.39 million, a P/E ratio of -1.34 and a beta of 0.29.

Tungsten West Company Profile

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.