Tungsten West (LON:TUN) Trading Down 1.3% – Time to Sell?

Tungsten West PLC (LON:TUN) fell 1.3% on Wednesday . The stock traded as low as GBX 38 and last traded at GBX 38.50. 5,306,581 shares were traded during trading, an increase of 17% from the average session volume of 4,518,583 shares. The stock had previously closed at GBX 39.

Tungsten West Stock Performance

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 £480.29 million, a price-to-earnings ratio of -1.48 and a beta of 0.29. The company has a fifty day moving average of GBX 36.77 and a two-hundred day moving average of GBX 24.12.

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.