Tungsten West (LON:TUN) Posts Quarterly Earnings Results

Tungsten West (LON:TUN) released its earnings results on Thursday. The company reported GBX (12) earnings per share (EPS) 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 Trading Down 3.1%

LON:TUN traded down GBX 1.50 during trading hours on Thursday, hitting GBX 47. The stock had a trading volume of 1,966,570 shares, compared to its average volume of 3,968,866. Tungsten West has a one year low of GBX 7.50 and a one year high of GBX 52.60. The company has a debt-to-equity ratio of -167.64, a quick ratio of 7.04 and a current ratio of 0.06. The company has a market cap of £586.41 million, a price-to-earnings ratio of -1.81 and a beta of 0.28. The business’s 50 day moving average is GBX 38.92 and its 200-day moving average is GBX 36.99.

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.