Shares of Tungsten West PLC (LON:TUN – Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as GBX 52.60 and last traded at GBX 52.33, with a volume of 517735 shares. The stock had previously closed at GBX 51.
Tungsten West Stock Up 2.6%
The firm has a 50 day moving average price of GBX 38.27 and a 200-day moving average price of GBX 36.78. The firm has a market cap of £652.78 million, a price-to-earnings ratio of -2.01 and a beta of 0.28. The company has a debt-to-equity ratio of -167.64, a current ratio of 0.06 and a quick ratio of 7.04.
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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