Tungsten West (LON:TUN – Get Free Report) announced its earnings results on Thursday. The company reported GBX (12) 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 Trading Down 3.1%
Shares of Tungsten West stock opened at GBX 47 on Friday. 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 capitalization of £586.41 million, a P/E ratio of -1.81 and a beta of 0.28. Tungsten West has a 1 year low of GBX 7.50 and a 1 year high of GBX 52.60. The company’s fifty day moving average is GBX 39.18 and its two-hundred day moving average is GBX 37.12.
Tungsten West Company Profile
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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