Tungsten West (LON:TUN) Releases Earnings Results

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

Tungsten West Trading Down 3.1%

TUN stock traded down GBX 1.50 during midday trading on Thursday, reaching GBX 47. The stock had a trading volume of 1,966,570 shares, compared to its average volume of 3,968,866. Tungsten West has a twelve month low of GBX 7.50 and a twelve month high of GBX 52.60. The firm has a market cap of £586.41 million, a price-to-earnings ratio of -1.81 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. The business has a fifty day simple moving average of GBX 38.92 and a two-hundred day simple moving average of GBX 36.99.

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.