Tungsten West PLC (LON:TUN – Get Free Report)’s share price hit a new 52-week high on Tuesday . The stock traded as high as GBX 51 and last traded at GBX 50, with a volume of 1612826 shares. The stock had previously closed at GBX 43.10.
Tungsten West Trading Up 18.3%
The company has a market cap of £636.31 million, a price-to-earnings ratio of -1.96 and a beta of 0.28. The company’s fifty day moving average price is GBX 36.87 and its two-hundred day moving average price is GBX 36.07. The company has a quick ratio of 7.04, a current ratio of 0.06 and a debt-to-equity ratio of -167.64.
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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