Tungsten West PLC (LON:TUN) Insider Richard William Macfarlane Maxey Sells 210,000 Shares

Tungsten West PLC (LON:TUN) insider Richard William Macfarlane Maxey sold 210,000 shares of the stock in a transaction on Thursday, June 5th. The stock was sold at an average price of GBX 7 ($0.09), for a total value of £14,700 ($19,846.09).

Tungsten West Trading Down 8.2%

Shares of TUN stock opened at GBX 6.43 ($0.09) on Wednesday. Tungsten West PLC has a 52-week low of GBX 1.25 ($0.02) and a 52-week high of GBX 8.50 ($0.11). The company has a debt-to-equity ratio of 63.33, a quick ratio of 7.04 and a current ratio of 0.33. The firm has a market capitalization of £13.39 million, a PE ratio of -1.37 and a beta of -0.60. The stock has a fifty day simple moving average of GBX 4.24 and a two-hundred day simple moving average of GBX 3.79.

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.