Tungsten West PLC (LON:TUN – Get Free Report)’s stock price was down 1.3% on Wednesday . The stock traded as low as GBX 38 and last traded at GBX 38.50. Approximately 5,306,581 shares were traded during trading, an increase of 17% from the average daily volume of 4,518,583 shares. The stock had previously closed at GBX 39.
Tungsten West Stock Performance
The company has a current ratio of 0.06, a quick ratio of 7.04 and a debt-to-equity ratio of -167.64. The firm’s fifty day moving average price is GBX 36.90 and its two-hundred day moving average price is GBX 24.32. The stock has a market capitalization of £486.59 million, a PE ratio of -1.50 and a beta of 0.29.
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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