Tungsten West (LON:TUN) Announces Earnings Results

Tungsten West (LON:TUN) announced its quarterly earnings results on Thursday. The company reported GBX (12) earnings per share for the quarter, Digital Look Earnings reports. Tungsten West had a negative net margin of 1,343.41% and a positive return on equity of 233.54%.

Tungsten West Price Performance

Shares of LON:TUN traded up GBX 0.60 on Friday, hitting GBX 48. The stock had a trading volume of 1,835,330 shares, compared to its average volume of 3,956,740. The firm’s 50 day moving average price is GBX 39.50 and its 200-day moving average price is GBX 37.20. The company has a debt-to-equity ratio of -167.64, a quick ratio of 7.04 and a current ratio of 0.06. Tungsten West has a twelve month low of GBX 7.50 and a twelve month high of GBX 52.60. The company has a market capitalization of £598.88 million, a price-to-earnings ratio of -1.85 and a beta of 0.28.

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.