Tungsten West PLC (LON:TUN – Get Free Report) shot up 1.2% on Thursday . The company traded as high as GBX 34.55 and last traded at GBX 33.90. 1,610,016 shares were traded during trading, a decline of 60% from the average daily volume of 3,999,535 shares. The stock had previously closed at GBX 33.50.
Tungsten West Price Performance
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 business’s 50-day simple moving average is GBX 36.96 and its 200 day simple moving average is GBX 29.78. The firm has a market capitalization of £442.92 million, a P/E ratio of -1.37 and a beta of 0.28.
About Tungsten West
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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