Tungsten West (LON:TUN) Reaches New 52-Week High - Time to Buy?

Tungsten West PLC (LON:TUN - Get Free Report) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 43.50 and last traded at GBX 43.50, with a volume of 4282766 shares. The stock had previously closed at GBX 42.80.Get Tungsten West alerts:Tungsten West Trading Up 2.4%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 company has a fifty day moving average of GBX 33.68 and a two-hundred day moving average of GBX 19.41. The stock has a market capitalization of £546.98 million, a price-to-earnings ratio of -1.69 and a beta of 0.30. 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 ReadingFive stocks we like better than Tungsten WestThis 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