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Tungsten West Plc (TUN) AI Stock Analysis
Tungsten West Plc
(LSE:TUN)
The score is driven primarily by persistent losses, negative cash flow, and weak technical momentum. Balance-sheet improvement and low debt provide limited support, but the absence of profitability, cash generation, and positive earnings-based valuation keeps the overall score near the bottom of the range.
Tungsten West Plc (TUN) vs. iShares MSCI United Kingdom ETF (EWC)
- Market Cap
- GBP 427.13M
- Dividend Yield
- ―
- Average Volume (3M)
- 4.32M
- Price to Earnings (P/E)
- -1.1
- Beta (1Y)
- 1.35
- Revenue Growth
- ―
- EPS Growth
- -161.22%
- Country
- UK
- Employees
- 33
- Sector
- Basic Materials
- Sector Strength
- 61
- Industry
- Industrial Materials
Tungsten West Plc Business Overview & Revenue Model
Company Description
Tungsten West PLC functions as a mining entity based in the United Kingdom. The company holds ownership and manages the Hemerdon mine, a facility situated in Devon, England, near the village of Plympton, which is dedicated to the extraction of tungst...
How the Company Makes Money
Tungsten West Plc makes money primarily by producing and selling mineral products derived from its mining operations. Its core revenue model is the extraction and processing of ore to produce saleable tungsten and tin products, which are then sold to...
Tungsten West Plc Financial Statement Overview
Summary
Financial performance is severely constrained by persistent losses, extremely negative margins, and negative operating and free cash flow. The strengthened balance sheet and very low debt provide support, but the underlying financial scores average below the minimum scale threshold.
Income Statement
18Very NegativeBalance Sheet
63PositiveCash Flow
22Negative| Breakdown | TTM | Mar 2026 | Mar 2025 | Sep 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 601.55K | 601.55K | 0 | 722.04K | 626.46K | 673.51K |
| Gross Profit | -715.79K | 103.31K | -1.24M | -1.38M | -1.38M | -3.35M |
| EBITDA | -7.62M | -7.99M | -5.96M | -6.58M | -10.21M | -11.87M |
| Net Income | -175.45M | -175.45M | -21.91M | -9.70M | -10.29M | -12.99M |
Balance Sheet | ||||||
| Total Assets | 72.20M | 72.20M | 34.07M | 43.08M | 42.42M | 57.71M |
| Cash, Cash Equivalents and Short-Term Investments | 25.49M | 25.49M | 2.78M | 1.58M | 3.44M | 28.76M |
| Total Debt | 1.85M | 1.85M | 26.64M | 13.50M | 2.02M | 1.63M |
| Total Liabilities | 13.93M | 13.93M | 34.59M | 21.77M | 11.44M | 16.85M |
| Stockholders Equity | 58.27M | 58.27M | -520.41K | 21.31M | 30.98M | 40.87M |
Cash Flow | ||||||
| Free Cash Flow | -20.83M | -20.83M | -8.37M | -11.01M | -25.18M | -15.74M |
| Operating Cash Flow | -15.19M | -15.19M | -8.35M | -8.26M | -14.10M | -11.46M |
| Investing Cash Flow | -5.35M | -5.35M | -16.29K | -2.73M | -11.08M | -4.28M |
| Financing Cash Flow | 46.02M | 46.02M | 6.53M | 9.14M | -136.86K | 41.00M |
Tungsten West Plc Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:TUN, the sentiment is Negative. The current price of 31.50 is below the 20-day moving average (MA) of 37.06, below the 50-day MA of 43.41, and below the 200-day MA of 36.77, indicating a bearish trend. The MACD of -3.01 indicates Positive momentum. The RSI at 23.95 is Positive, neither overbought nor oversold. The STOCH value of 22.53 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:TUN.
Tungsten West Plc Peers Comparison
Overall Rating
GB:KMR51Neutral
GB:1SN49Neutral
GB:RBW48Neutral
GB:CRTM45Neutral
GB:FAR40.75Neutral- GB:TUN39Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 61Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
| GB:KMR | 51Neutral | GBP 210.47M | -1.06 | -33.21% | ― | -28.42% | -411.33% |
| GB:1SN | 49Neutral | GBP 71.53M | -21.26 | -5.58% | ― | ― | 29.27% |
| GB:RBW | 48Neutral | GBP 136.96M | -23.12 | -53.83% | ― | ― | -123.68% |
| GB:CRTM | 45Neutral | GBP 91.59M | -473.68 | -6.57% | ― | ― | ― |
| GB:FAR | 41Neutral | GBP 31.70M | -3.18 | 381.39% | ― | -28.05% | 24.65% |
| GB:TUN | 39Underperform | GBP 508.11M | -1.05 | -2022.63% | ― | ― | -161.22% |
* Basic Materials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| GB:TUN | Tungsten West Plc | 31.50 | 21.20 | 205.83% | |
| GB:KMR | Kenmare Resources | 238.00 | -18.00 | -7.03% | |
| GB:RBW | Rainbow Rare Earths | 19.50 | 0.20 | 1.04% | |
| GB:FAR | Ferro-Alloy Resources Ltd. | 3.55 | -1.95 | -35.45% | |
| GB:CRTM | Critical Metals Plc | 90.00 | 80.00 | 800.00% | |
| GB:1SN | First Tin Plc | 13.20 | 5.45 | 70.32% |
Tungsten West Plc Corporate Events
Tungsten West refreshes corporate presentation for investors
PositiveTungsten West Plc has released an updated corporate presentation, which is now available to investors and other stakeholders through the company’s website. The refreshed materials are designed to provide the market with current information on t...
Tungsten West Adds Investec as Joint Corporate Broker to Support Hemerdon Ramp-Up
PositiveTungsten West has appointed Investec Bank plc as a Joint Corporate Broker, expanding its roster of financial advisers alongside existing brokers and nominated advisers. The move brings Investec’s natural resources expertise and global instituti...
Tungsten West Bolsters Board with HR Veteran Katherine Callaghan
PositiveTungsten West Plc has strengthened its board by appointing experienced HR and governance specialist Katherine Callaghan as a Non-Executive Director and Chair of the Remuneration Committee, effective immediately. Callaghan brings extensive leadership...
Tungsten West Founder Options Exercised as Hemerdon Restart Advances
PositiveTungsten West has received a notice to exercise founder options over 3,314,391 new ordinary shares, raising about £33,315 in additional working capital. The options, granted in 2021, became exercisable after the company secured sufficient financ...
Tungsten West AGM Resolutions Passed as Two Non-Executive Directors Step Down
PositiveTungsten West Plc reported that all resolutions were approved at its Annual General Meeting, reinforcing shareholder support for the company’s current strategy around the Hemerdon tungsten and tin project in Devon. The AGM outcome underlines co...
Tungsten West Issues New Shares as Founder Options Exercised and Voting Rights Updated
PositiveTungsten West has received a notice to exercise founder options over 828,597 new ordinary shares, raising £8,285.97 for general working capital and reflecting the achievement of financing milestones to restart mining at the Hemerdon project. The...
Tungsten West seals £1.4bn US offtake deal to anchor Hemerdon in Western supply chains
PositiveTungsten West has signed an eight-year offtake agreement with U.S.-based Elmet Technologies for 1,000 tonnes a year of contained WO₃ from its Hemerdon mine, a deal with an indicative nominal value of more than £1.4bn at current prices. The...
Tungsten West appoints Zeus as joint broker to support Hemerdon ramp-up
PositiveTungsten West has appointed Zeus Capital Limited as a joint broker alongside Hannam & Partners, expanding its advisory and capital markets support as it develops the Hemerdon mine. Management highlighted Zeus’s natural resources expertise a...
Tungsten West Raises Capital via Founder Option Exercise as Hemerdon Restart Advances
PositiveTungsten West has received a notice for the exercise of founder options over 4,142,988 new ordinary shares, raising £41,429.88 for general working capital. The options became exercisable after the company secured sufficient financing to restart...
Tungsten West starts ore processing at strategic Hemerdon tungsten mine
PositiveTungsten West Plc has begun processing ore at its Hemerdon mine in Devon, marking the site’s entry into production and the next phase of its operational ramp-up. The move underscores Hemerdon’s role as a major tungsten deposit and an impo...
Tungsten West Secures Funding and Progresses Hemerdon Mine Restart
PositiveTungsten West reported audited results for the year to 31 March 2026, highlighting a markedly improved cash position of £25.5 million after raising £43 million in equity and converting convertible loan notes, alongside its first tungsten co...
Tungsten West Repays Short-Term Loan as National Wealth Fund Facility Takes Effect
PositiveTungsten West has fully repaid its previously announced short-term loan facility following the successful fundraising involving the UK’s National Wealth Fund. With this repayment completed, the new debt facility provided by the National Wealth...
Tungsten West Grants LTIP Share Options to COO and Senior Management
PositiveTungsten West Plc has implemented its Long Term Incentive Plan by granting share options over ordinary shares to Chief Operating Officer Ronald Day and senior managers. The awards include 5,000,000 options for Day exercisable at 1 pence and a further...
UK National Wealth Fund backs Tungsten West with £71m Hemerdon investment
PositiveTungsten West has secured a proposed strategic investment of up to £71 million from the UK Government’s National Wealth Fund, comprising a £36 million equity subscription and a £25 million debt facility plus a £10 million ac...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Oct 27, 2026