Tungsten West (LON:TUN) Reaches New 1-Year High – Time to Buy?

Shares of Tungsten West PLC (LON:TUNGet Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 51 and last traded at GBX 50, with a volume of 1612826 shares traded. The stock had previously closed at GBX 43.10.

Tungsten West Price Performance

The company has a market cap of £636.31 million, a price-to-earnings ratio of -1.96 and a beta of 0.28. The company has a current ratio of 0.06, a quick ratio of 7.04 and a debt-to-equity ratio of -167.64. The company has a fifty day moving average price of GBX 36.87 and a two-hundred day moving average price of GBX 36.07.

Tungsten West Company Profile

(Get Free Report)

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.

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