Tungsten West (LON:TUN) Shares Down 0.3% – What’s Next?

Tungsten West PLC (LON:TUN)’s share price dropped 0.3% during mid-day trading on Friday. The stock traded as low as GBX 38 and last traded at GBX 38.50. Approximately 15,254,344 shares changed hands during trading, an increase of 286% from the average daily volume of 3,949,674 shares. The stock had previously closed at GBX 38.60.

Tungsten West Stock Down 0.3%

The company has a current ratio of 8.01, a quick ratio of 7.04 and a debt-to-equity ratio of 3.17. The firm has a 50 day moving average of GBX 45.17 and a two-hundred day moving average of GBX 39.97. The stock has a market capitalization of £621.02 million, a PE ratio of -3.21 and a beta of 0.28.

Tungsten West (LON:TUN) last released its earnings results on Thursday, September 3rd. The company reported GBX (12) EPS for the quarter. Tungsten West had a negative return on equity of 2,022.63% and a negative net margin of 29,165.70%.

About Tungsten West

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.