Tungsten West (LON:TUN – Get Free Report) posted its quarterly earnings results on Thursday. The company reported GBX (12) earnings per share for the quarter, Digital Look Earnings reports. Tungsten West had a negative net margin of 1,343.41% and a positive return on equity of 233.54%.
Tungsten West Stock Down 0.2%
Shares of LON:TUN traded down GBX 0.10 during midday trading on Friday, hitting GBX 47.30. 3,036,382 shares of the company’s stock were exchanged, compared to its average volume of 3,963,763. The company has a debt-to-equity ratio of -167.64, a current ratio of 0.06 and a quick ratio of 7.04. Tungsten West has a 12 month low of GBX 7.50 and a 12 month high of GBX 52.60. The company has a market cap of £590.15 million, a PE ratio of -1.82 and a beta of 0.28. The stock has a 50 day moving average price of GBX 39.18 and a 200-day moving average price of GBX 37.12.
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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