Tungsten West PLC (LON:TUN – Get Free Report)’s stock price fell 5.9% on Friday . The company traded as low as GBX 9.50 ($0.13) and last traded at GBX 10.45 ($0.14). 2,626,740 shares traded hands during trading, an increase of 181% from the average session volume of 935,845 shares. The stock had previously closed at GBX 11.10 ($0.15).
Tungsten West Price Performance
The company has a quick ratio of 7.04, a current ratio of 0.33 and a debt-to-equity ratio of 63.33. The stock has a market cap of £19.51 million, a P/E ratio of -86.17 and a beta of -0.60. The business’s 50-day simple moving average is GBX 9.31 and its two-hundred day simple moving average is GBX 7.58.
Tungsten West (LON:TUN – Get Free Report) last issued its earnings results on Thursday, September 4th. The company reported GBX (12) earnings per share for the quarter. Tungsten West had a negative return on equity of 44.58% and a negative net margin of 1,343.41%.
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.
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