Tungsten West (LON:TUN) Insider Purchases £89,859.15 in Stock

Tungsten West PLC (LON:TUN) insider Phil Povey purchased 2,995,305 shares of the company’s stock in a transaction dated Wednesday, December 31st. The stock was purchased at an average price of GBX 3 per share, with a total value of £89,859.15.

Tungsten West Stock Down 4.3%

Shares of LON TUN opened at GBX 11 on Thursday. The company has a 50 day simple moving average of GBX 10.73 and a 200 day simple moving average of GBX 10.05. The firm has a market cap of £20.76 million, a PE ratio of -0.92 and a beta of -0.60. Tungsten West PLC has a 1 year low of GBX 2.50 and a 1 year high of GBX 15. 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) last announced its earnings results on Wednesday, December 24th. The company reported GBX (21.40) 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. 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.