Tungsten West (LON:TUN) Posts Quarterly Earnings Results

Tungsten West (LON:TUNGet Free Report) announced its quarterly earnings data on Thursday. The company reported GBX (12) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Tungsten West had a negative net margin of 1,343.41% and a positive return on equity of 233.54%.

Tungsten West Stock Performance

LON:TUN opened at GBX 48 on Friday. The stock’s 50-day simple moving average is GBX 39.50 and its 200 day simple moving average is GBX 37.20. The firm has a market capitalization of £598.88 million, a PE ratio of -1.85 and a beta of 0.28. The company has a quick ratio of 7.04, a current ratio of 0.06 and a debt-to-equity ratio of -167.64. Tungsten West has a twelve month low of GBX 7.50 and a twelve month high of GBX 52.60.

About Tungsten West

(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.

Further Reading

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