Shares of Tungsten West PLC (LON:TUN – Get Free Report) reached a new 52-week high on Tuesday . The stock traded as high as GBX 45 and last traded at GBX 44.20, with a volume of 10179173 shares traded. The stock had previously closed at GBX 40.
Tungsten West Stock Performance
The stock has a market capitalization of £551.47 million, a price-to-earnings ratio of -1.70 and a beta of 0.28. The company has a 50 day simple moving average of GBX 35.69 and a 200-day simple moving average of GBX 34.46. The company has a quick ratio of 7.04, a current ratio of 0.06 and a debt-to-equity ratio of -167.64.
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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