Tungsten West PLC (LON:TUN – Get Free Report) was down 2.4% on Friday . The stock traded as low as GBX 10 and last traded at GBX 10. Approximately 367,823 shares changed hands during trading, a decline of 58% from the average daily volume of 885,068 shares. The stock had previously closed at GBX 10.25.
Tungsten West Trading Down 2.4%
The company has a fifty day simple moving average of GBX 10.13 and a two-hundred day simple moving average of GBX 9.13. The company has a market capitalization of £18.87 million, a P/E ratio of -0.83 and a beta of -0.60. The company has a debt-to-equity ratio of 63.33, a current ratio of 0.33 and a quick ratio of 7.04.
Tungsten West (LON:TUN – Get Free Report) last issued its quarterly earnings data on Thursday, September 4th. The company reported GBX (12) EPS 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.
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