Tungsten (LON:TUNG) Share Price Crosses Above Fifty Day Moving Average – Here’s What Happened

Shares of Tungsten Co. plc (LON:TUNG) passed 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 changing hands.

Tungsten Stock Performance

The stock has a market cap of £69.09 million and a price-to-earnings ratio of -19.50. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 12.62. The stock’s 50 day moving average is GBX 54.60 and its two-hundred day moving average is GBX 54.60.

About Tungsten

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.