Tungsten West (LON:TUN) Stock Price Up 0.6% – Still a Buy?

Tungsten West PLC (LON:TUN)’s stock price traded up 0.6% on Thursday. The company traded as high as GBX 47 and last traded at GBX 47. Approximately 9,040,334 shares changed hands during mid-day trading, an increase of 122% from the average session volume of 4,078,775 shares. The stock had previously closed at GBX 46.70.

Tungsten West Stock Performance

The company has a debt-to-equity ratio of 3.17, a current ratio of 8.01 and a quick ratio of 7.04. The company has a 50 day simple moving average of GBX 43.42 and a 200-day simple moving average of GBX 38.90. The firm has a market cap of £739.79 million, a PE ratio of -3.84 and a beta of 0.28.

Tungsten West (LON:TUN) last posted its quarterly earnings results on Thursday, September 3rd. The company reported GBX (12) EPS for the quarter. Tungsten West had a negative return on equity of 2,022.63% and a negative net margin of 29,165.70%.

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. 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.