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 ActivityIn 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 ReadingFive stocks we like better than Tungsten WestBuy this Gold Stock Before May 15th, 2026America’s 1776 happening againJ.P. Morgan is betting on this coinCentral banks just did something they haven’t done since 1967My Epstein StoryThis 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