Tungsten West (LON:TUN) Shares Down 12.6% - Here's What Happened

Key Points

• Shares fell 12.6% to GBX 27 (from GBX 31), with ~4.76 million shares traded — about 12% above the stock's average daily volume.
• The company reported quarterly EPS of GBX (21.40) and a deeply negative net margin (‑1,343%), though market capitalization is ~£321.7m and the 50‑day/200‑day moving averages are GBX 25.64 and GBX 15.58 respectively.
• Insider buying: Phil Povey purchased 2,995,305 shares at GBX 3 each (≈£89,859), and insiders collectively hold 1.83% of the stock.

Shares of Tungsten West PLC (LON:TUN - Get Free Report) were down 12.6% during trading on Thursday . The stock traded as low as GBX 27 and last traded at GBX 27.10. Approximately 4,759,311 shares changed hands during trading, an increase of 12% from the average daily volume of 4,252,851 shares. The stock had previously closed at GBX 31.

Tungsten West Price Performance

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 capitalization of £321.67 million, a PE ratio of -1.02 and a beta of 0.32. The firm's fifty day simple moving average is GBX 25.64 and its 200-day simple moving average is GBX 15.58.

Tungsten West (LON:TUN - Get Free Report) last posted its quarterly earnings results on Wednesday, December 24th. The company reported GBX (21.40) EPS for the quarter. Tungsten West had a negative net margin of 1,343.41% and a positive return on equity of 233.54%.

Insider Buying and Selling

In other Tungsten West news, insider Phil Povey bought 2,995,305 shares of Tungsten West stock in a transaction on Wednesday, December 31st. The stock was acquired at an average price of GBX 3 per share, with a total value of £89,859.15. Corporate insiders own 1.83% of the company's stock.

Tungsten West Company Profile

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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