Tungsten West (LON:TUN) Announces Earnings Results

Tungsten West (LON:TUN) posted its quarterly earnings data on Thursday. The company reported GBX (12) 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 Price Performance

Tungsten West stock traded down GBX 1.50 during midday trading on Thursday, hitting GBX 47. The company’s stock had a trading volume of 1,966,570 shares, compared to its average volume of 3,968,866. The company has a quick ratio of 7.04, a current ratio of 0.06 and a debt-to-equity ratio of -167.64. The company has a market capitalization of £586.41 million, a PE ratio of -1.81 and a beta of 0.28. Tungsten West has a 12 month low of GBX 7.50 and a 12 month high of GBX 52.60. The stock’s 50-day moving average price is GBX 38.92 and its 200-day moving average price 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.