Shares of Tungsten West PLC (LON:TUN – Get Free Report) were up 1.2% on Thursday . The stock traded as high as GBX 34.55 and last traded at GBX 33.90. Approximately 1,610,016 shares changed hands during trading, a decline of 60% from the average daily volume of 3,999,535 shares. The stock had previously closed at GBX 33.50.
Tungsten West Trading Up 1.2%
The firm has a 50-day moving average of GBX 37.08 and a 200-day moving average of GBX 29.74. The company has a debt-to-equity ratio of -167.64, a quick ratio of 7.04 and a current ratio of 0.06. The firm has a market capitalization of £422.96 million, a P/E ratio of -1.30 and a beta of 0.28.
About Tungsten West
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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