Tungsten West (LON:TUN – Get Free Report) issued its earnings results 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 Stock Performance
Shares of TUN traded up GBX 0.38 during trading hours on Thursday, hitting GBX 48.88. The company had a trading volume of 5,592,547 shares, compared to its average volume of 3,990,195. The firm has a market cap of £609.80 million, a price-to-earnings ratio of -1.88 and a beta of 0.28. The business has a fifty day moving average of GBX 38.92 and a 200-day moving average of GBX 36.99. The company has a quick ratio of 7.04, a current ratio of 0.06 and a debt-to-equity ratio of -167.64. Tungsten West has a 12 month low of GBX 7.50 and a 12 month high of GBX 52.60.
Tungsten West Company Profile
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.
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