Tungsten West (LON:TUN – Get Free Report) posted its quarterly earnings results on Thursday. The company reported GBX (12) earnings per share 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 Down 1.0%
Tungsten West stock traded down GBX 0.50 during mid-day trading on Thursday, reaching GBX 48. The stock had a trading volume of 5,809,692 shares, compared to its average volume of 3,991,350. The company has a debt-to-equity ratio of -167.64, a quick ratio of 7.04 and a current ratio of 0.06. Tungsten West has a fifty-two week low of GBX 7.50 and a fifty-two week high of GBX 52.60. The stock’s 50-day simple moving average is GBX 38.92 and its 200-day simple moving average is GBX 36.99. The firm has a market capitalization of £598.88 million, a PE ratio of -1.85 and a beta of 0.28.
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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