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Tungsten West Plc ( (GB:TUN) ) just unveiled an update.
Tungsten West has disclosed that its CFO and director, Philip Povey, has increased his stake in the company following the mandatory conversion of £109,863.01 of convertible loan notes into equity at 3 pence per share. Through Umbrella Mountain Limited, a vehicle he controls, Povey has become interested in 3,662,100 ordinary shares, of which he is the ultimate beneficial owner of 2,995,305 shares, representing approximately 0.39% of the company’s issued share capital. The transaction, carried out on 31 December 2025 on AIM, marginally boosts insider ownership and may be interpreted by investors as a sign of management alignment with shareholders as Tungsten West works to restart production at its Hemerdon mine.
The most recent analyst rating on (GB:TUN) stock is a Hold with a £10.00 price target. To see the full list of analyst forecasts on Tungsten West Plc stock, see the GB:TUN Stock Forecast page.
Spark’s Take on GB:TUN Stock
According to Spark, TipRanks’ AI Analyst, GB:TUN is a Neutral.
The score is primarily held back by weak financial performance—ongoing losses and cash burn, plus the shift to negative equity and higher debt. Technical indicators are neutral-to-mildly positive, and recent corporate developments show execution progress and interim financing, but valuation remains constrained by losses and no dividend support.
To see Spark’s full report on GB:TUN stock, click here.
More about Tungsten West Plc
Tungsten West Plc is a UK-based mining company focused on restarting production at the Hemerdon tungsten and tin mine in Devon, one of the West’s significant sources of these critical metals. The group’s activities centre on redeveloping this project to supply tungsten and tin, which are essential for industrial, technology and manufacturing applications.
Average Trading Volume: 711,939
Technical Sentiment Signal: Buy
Current Market Cap: £21.61M
For a thorough assessment of TUN stock, go to TipRanks’ Stock Analysis page.