Tungsten West (LON:TUN) Shares Down 2.4% – Time to Sell?

Tungsten West PLC (LON:TUN) shares traded down 2.4% on Friday . The stock traded as low as GBX 10 and last traded at GBX 10. 367,823 shares traded hands during mid-day trading, a decline of 58% from the average session volume of 885,068 shares. The stock had previously closed at GBX 10.25.

Tungsten West Stock Down 2.4%

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 £18.87 million, a price-to-earnings ratio of -0.83 and a beta of -0.60. The stock has a fifty day moving average of GBX 10.13 and a two-hundred day moving average of GBX 9.09.

Tungsten West (LON:TUN) last released its quarterly earnings results on Thursday, September 4th. The company reported GBX (12) earnings per share for the quarter. Tungsten West had a negative net margin of 1,343.41% and a negative return on equity of 44.58%.

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.