Tungsten (LON:TUNG) Stock Price Passes Above Fifty Day Moving Average – Here’s Why

by · The Cerbat Gem

Tungsten Co. plc (LON:TUNG – Get Free Report) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 54.60 ($0.69) and traded as high as GBX 54.80 ($0.69). Tungsten shares last traded at GBX 54.60 ($0.69), with a volume of 581,618 shares.

Tungsten Stock Performance

The company has a debt-to-equity ratio of 12.62, a current ratio of 0.49 and a quick ratio of 0.49. The firm’s fifty day moving average is GBX 54.60 and its 200-day moving average is GBX 54.60. The firm has a market cap of £69.09 million and a price-to-earnings ratio of -19.50.

About Tungsten

(Get Free Report)

Tungsten Corporation plc operates an e-invoicing network that provides trade finance and spend analytics. It operates through Tungsten Network and Tungsten Network Finance segments. The company offers e-invoicing solutions to streamline and digitize accounts payable processes; invoice data capture solutions; purchase order services; and analytics solutions to transform invoice data.

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