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An update from Tungsten West Plc ( (GB:TUN) ) is now available.
Tungsten West has received a notice to exercise founder options over 1,657,196 new ordinary shares, raising £16,572 in additional funding for general working capital as it works toward restarting production at the Hemerdon mine. The new shares, which will rank pari passu with existing stock, are expected to be admitted to trading on AIM around 24 December 2025, taking the company’s issued share capital to 190,388,503 ordinary shares and resetting the total voting rights benchmark for shareholders’ disclosure obligations under UK transparency rules.
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 UK-based mining company focused on restarting production at the Hemerdon tungsten and tin mine in Devon, positioning itself in the critical minerals sector supplying tungsten and tin to industrial and technology markets.
Average Trading Volume: 665,992
Technical Sentiment Signal: Buy
Current Market Cap: £19.06M
See more data about TUN stock on TipRanks’ Stock Analysis page.