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An announcement from Tungsten West Plc ( (GB:TUN) ) is now available.
Tungsten West Plc has confirmed that all resolutions put to shareholders at its latest General Meeting were approved, clearing the way for the company to proceed with the allotment and issue of B Shares and the implementation of a new long-term incentive plan. The measures, previously outlined in a January circular, are designed to support the company’s capital structure and management incentives as it advances plans to bring the Hemerdon tungsten and tin mine back into production, a key step in strengthening its operational and financial position within the strategic metals sector.
The most recent analyst rating on (GB:TUN) stock is a Sell with a £20.00 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 held down primarily by weak financial performance (continued losses, negative equity, and ongoing cash burn). Technicals are strong with a pronounced uptrend, but overbought momentum indicators add near-term downside risk. Valuation provides limited support due to negative earnings and no dividend yield data.
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, aiming to supply strategic metals to industrial markets.
Average Trading Volume: 1,438,462
Technical Sentiment Signal: Buy
Current Market Cap: £166.7M
See more insights into TUN stock on TipRanks’ Stock Analysis page.