Tungsten West PLC (LON:TUN – Get Free Report) shares dropped 0.5% during mid-day trading on Friday . The company traded as low as GBX 34 and last traded at GBX 34.82. 5,386,596 shares were traded during mid-day trading, an increase of 44% from the average daily volume of 3,752,857 shares. The stock had previously closed at GBX 35.
Tungsten West Price Performance
The company has a debt-to-equity ratio of -167.64, a current ratio of 0.06 and a quick ratio of 7.04. The company’s 50 day simple moving average is GBX 36.25 and its 200 day simple moving average is GBX 32.37. The company has a market capitalization of £434.39 million, a PE ratio of -1.34 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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