Tungsten West (LON:TUN) Releases Quarterly Earnings Results

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

Tungsten West Stock Performance

Shares of LON TUN traded down GBX 1.50 during mid-day trading on Thursday, hitting GBX 47. The company had a trading volume of 1,966,570 shares, compared to its average volume of 3,968,866. Tungsten West has a 12 month low of GBX 7.50 and a 12 month high of GBX 52.60. The firm has a market cap of £586.41 million, a P/E ratio of -1.81 and a beta of 0.28. The business’s 50-day simple moving average is GBX 38.92 and its 200-day simple moving average is GBX 36.99. The company has a debt-to-equity ratio of -167.64, a current ratio of 0.06 and a quick ratio of 7.04.

About Tungsten West

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.