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Tungsten West Plc ( (GB:TUN) ) has provided an announcement.
Tungsten West Plc has announced the resignation of Alistair Stobie as Chief Financial Officer and Director of the Board, effective immediately, as he pursues other career opportunities. The company has appointed Phil Povey as interim CFO while a search for a permanent replacement is conducted. This change comes as the company is engaged in funding discussions for the restart of the Hemerdon project, which are reportedly progressing well.
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.
Average Trading Volume: 1,139,870
Technical Sentiment Signal: Buy
Current Market Cap: £17.46M
For detailed information about TUN stock, go to TipRanks’ Stock Analysis page.