Tungsten West PLC (LON:TUN – Get Free Report) dropped 23.4% during mid-day trading on Tuesday . The company traded as low as GBX 7.50 and last traded at GBX 7.70. Approximately 1,717,836 shares were traded during mid-day trading, an increase of 96% from the average daily volume of 877,846 shares. The stock had previously closed at GBX 10.05.
Tungsten West Stock Up 7.7%
The company has a current ratio of 0.33, a quick ratio of 7.04 and a debt-to-equity ratio of 63.33. The stock has a market cap of £18.50 million, a PE ratio of -0.82 and a beta of -0.60. The business has a 50 day moving average of GBX 10.24 and a 200-day moving average of GBX 9.42.
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.
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