Tungsten West (LON:TUN) Reaches New 52-Week High – Here’s What Happened

Tungsten West PLC (LON:TUN)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 45 and last traded at GBX 44.20, with a volume of 10179173 shares. The stock had previously closed at GBX 40.

Tungsten West Stock Up 10.5%

The firm has a market capitalization of £551.47 million, a price-to-earnings ratio of -1.70 and a beta of 0.28. The stock has a fifty day moving average of GBX 35.69 and a two-hundred day moving average of GBX 34.46. 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

Tungsten West Plc is a UK based company focussed on recommencing production at the Hemerdon tungsten and tin mine in Devon, England.

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.