Tungsten West (LON:TUN) Hits New 12-Month High - Here's Why

Shares of Tungsten West PLC (LON:TUN - Get Free Report) reached a new 52-week high on Thursday . The company traded as high as GBX 41 and last traded at GBX 40.64, with a volume of 1802405 shares. The stock had previously closed at GBX 39.Get Tungsten West alerts:Tungsten West Trading Up 6.1%The firm has a market capitalization of £516.41 million, a price-to-earnings ratio of -1.59 and a beta of 0.30. The business has a 50-day moving average of GBX 31.59 and a two-hundred day moving average of GBX 18.10. The company has a quick ratio of 7.04, a current ratio of 0.06 and a debt-to-equity ratio of -167.64. About Tungsten West (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