Tungsten West (LON:TUN – Get Free Report) released its earnings results on Wednesday. The company reported GBX (21.40) earnings per share for the quarter, Digital Look Earnings reports. Tungsten West had a negative return on equity of 44.58% and a negative net margin of 1,343.41%.
Tungsten West Price Performance
Shares of TUN stock opened at GBX 10.79 on Wednesday. Tungsten West has a 12 month low of GBX 2.50 and a 12 month high of GBX 15. The company has a market capitalization of £20.36 million, a P/E ratio of -0.90 and a beta of -0.60. The stock has a 50 day moving average of GBX 10.57 and a two-hundred day moving average of GBX 9.76. The company has a current ratio of 0.33, a quick ratio of 7.04 and a debt-to-equity ratio of 63.33.
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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