Tungsten West (LON:TUN) Hits New 12-Month High – Here’s Why

Tungsten West PLC (LON:TUNGet Free Report)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 52.60 and last traded at GBX 52.33, with a volume of 517735 shares trading hands. The stock had previously closed at GBX 51.

Tungsten West Stock Up 2.6%

The company has a market cap of £652.78 million, a P/E ratio of -2.01 and a beta of 0.28. The company has a debt-to-equity ratio of -167.64, a current ratio of 0.06 and a quick ratio of 7.04. The business’s 50 day moving average price is GBX 38.27 and its 200-day moving average price is GBX 36.78.

Tungsten West Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Tungsten West Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tungsten West and related companies with MarketBeat.com's FREE daily email newsletter.