Tungsten West (LON:TUN – Get Free Report) posted its quarterly earnings results on Thursday. The company reported GBX (12) EPS 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 Stock Up 1.9%
Shares of LON TUN opened at GBX 49.40 on Thursday. The company has a 50 day simple moving average of GBX 38.92 and a 200-day simple moving average of GBX 36.99. The company has a market capitalization of £616.35 million, a P/E ratio of -1.90 and a beta of 0.28. The company has a debt-to-equity ratio of -167.64, a current ratio of 0.06 and a quick ratio of 7.04. Tungsten West has a 1 year low of GBX 7.50 and a 1 year high of GBX 52.60.
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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