--- title: "Tungsten West (LON:TUN) Shares Up 3.2% - Still a Buy?" type: "News" locale: "en" url: "https://longbridge.com/en/news/278507111.md" description: "Tungsten West (LON:TUN) shares rose 3.2% during mid-day trading, reaching GBX 34 before closing at GBX 32. The trading volume increased by 27% compared to the average. The company has a market cap of £388.44 million and reported a negative net margin of 1,343.41%. Insider Phil Povey purchased nearly 3 million shares at GBX 3 each. Tungsten West focuses on restarting production at the Hemerdon tungsten and tin mine, with first production expected in 2022 and a mine life of 18.5 years. Analysts currently rate the stock as a Hold." datetime: "2026-03-10T07:16:35.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/278507111.md) - [en](https://longbridge.com/en/news/278507111.md) - [zh-HK](https://longbridge.com/zh-HK/news/278507111.md) --- # Tungsten West (LON:TUN) Shares Up 3.2% - Still a Buy? Tungsten West PLC (LON:TUN - Get Free Report) shot up 3.2% during mid-day trading on Monday . The company traded as high as GBX 34 and last traded at GBX 32. 5,826,691 shares changed hands during trading, an increase of 27% from the average session volume of 4,573,407 shares. The stock had previously closed at GBX 31. Get **Tungsten West** alerts: ## Tungsten West Trading Down 0.6% The company has a quick ratio of 7.04, a current ratio of 0.06 and a debt-to-equity ratio of -167.64. The firm has a market cap of £388.44 million, a P/E ratio of -1.23 and a beta of 0.09. The firm's 50-day simple moving average is GBX 22.79 and its 200 day simple moving average is GBX 14.53. Tungsten West (LON:TUN - Get Free Report) last released its earnings results on Wednesday, December 24th. The company reported GBX (21.40) earnings per share for the quarter. Tungsten West had a negative net margin of 1,343.41% and a positive return on equity of 233.54%. ## Insider Activity In other news, insider Phil Povey bought 2,995,305 shares of the stock in a transaction on Wednesday, December 31st. The shares were purchased at an average cost of GBX 3 per share, for a total transaction of £89,859.15. 1.83% of the stock is currently owned by insiders. ## 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. ## Further Reading - Five stocks we like better than Tungsten West - Buy this Gold Stock Before May 15th, 2026 - America’s 1776 happening again - J.P. Morgan is betting on this coin - Central banks just did something they haven’t done since 1967 - My Epstein Story _This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com._ ## Should You Invest $1,000 in Tungsten West Right Now? Before you consider Tungsten West, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tungsten West wasn't on the list. While Tungsten West currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. View The Five Stocks Here ### Related Stocks - [TUNG.UK](https://longbridge.com/en/quote/TUNG.UK.md) ## Related News & Research - [Tungsten West Seeks Shareholder Backing to Complete £43m Equity Raise](https://longbridge.com/en/news/275352778.md) - [Poet Technologies sank today -- is the stock a buy right now?](https://longbridge.com/en/news/286625118.md) - [The S&P 500 Just Completed Its 7th Straight Up Week. History Says It's Still Time to Buy.](https://longbridge.com/en/news/287006210.md) - [Beyond Meat is trading near its lows. Is it finally time to buy?](https://longbridge.com/en/news/286136285.md) - [Prediction: Pfizer will beat the market over the next 5 years](https://longbridge.com/en/news/286140710.md)