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The latest update is out from Tungsten West Plc ( (GB:TUN) ).
Tungsten West Plc has signed a preliminary agreement with Duo Group for the construction of a new crushing, screening, and ore sorter facility at the Hemerdon mine. This agreement marks a significant step in the project’s restart, with Duo providing innovative and sustainable solutions, and Metso supplying key equipment, highlighting the project’s importance to the UK’s critical minerals sector.
Spark’s Take on GB:TUN Stock
According to Spark, TipRanks’ AI Analyst, GB:TUN is a Underperform.
Tungsten West Plc faces considerable financial instability, with negative income and cash flow issues, and high leverage. Technical indicators are mixed, showing volatility but no strong directional momentum. The negative P/E ratio reflects weak valuation fundamentals. Overall, the stock presents a high-risk profile with limited immediate upside potential.
To see Spark’s full report on GB:TUN stock, click here.
More about Tungsten West Plc
Tungsten West Plc is a mining company focused on restarting production at the Hemerdon tungsten and tin mine in Devon, UK. The company is engaged in the mining industry, primarily dealing with tungsten and tin, and is working towards revitalizing a significant mining project in the UK.
Average Trading Volume: 847,088
Technical Sentiment Signal: Buy
Current Market Cap: £21.23M
See more insights into TUN stock on TipRanks’ Stock Analysis page.