Tungsten West PLC (LON:TUN) Insider Richard William Macfarlane Maxey Sells 210,000 Shares

Tungsten West PLC (LON:TUN) insider Richard William Macfarlane Maxey sold 210,000 shares of Tungsten West stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of GBX 7 ($0.09), for a total value of £14,700 ($19,921.40).

Tungsten West Stock Down 6.4%

TUN opened at GBX 6.55 ($0.09) on Tuesday. Tungsten West PLC has a 1 year low of GBX 1.25 ($0.02) and a 1 year high of GBX 8.50 ($0.12). The firm has a 50 day moving average price of GBX 4.20 and a 200 day moving average price of GBX 3.77. The company has a debt-to-equity ratio of 63.33, a quick ratio of 7.04 and a current ratio of 0.33. The company has a market cap of £13.65 million, a PE ratio of -1.39 and a beta of -0.60.

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.