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An announcement from Tungsten West Plc ( (GB:TUN) ) is now available.
Tungsten West Plc has announced the receipt of £0.9 million from Tranche G of its Convertible Loan Note, which will be used to complete studies for a robust economic model and plan for the Hemerdon mine. With the feasibility study expected in Q2 2025 and a financing round planned for H2 2025, the company is on track to resume tungsten and tin production by late 2026. The current market conditions, influenced by China’s export restrictions, have increased tungsten prices, positioning Tungsten West advantageously to capitalize on these trends.
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 aims to provide a western supply of tungsten to meet domestic and international demand, especially in light of rising prices due to export restrictions from China.
Average Trading Volume: 532,635
Technical Sentiment Signal: Sell
Current Market Cap: £6.61M
See more insights into TUN stock on TipRanks’ Stock Analysis page.