Tungsten Corp PLC (TUNG) Earns “Buy” Rating from Canaccord Genuity
Tungsten Corp PLC (LON:TUNG)‘s stock had its “buy” rating reaffirmed by research analysts at Canaccord Genuity in a research report issued to clients and investors on Tuesday. They currently have a GBX 76 ($0.99) price target on the stock. Canaccord Genuity’s target price points to a potential upside of 45.45% from the company’s previous close.
Shares of Tungsten Corp PLC (LON:TUNG) traded down 2.336449% on Tuesday, reaching GBX 54.692997. 155,591 shares of the company were exchanged. The stock’s market capitalization is GBX 68.95 million. Tungsten Corp PLC has a 1-year low of GBX 29.00 and a 1-year high of GBX 77.00. The company has a 50-day moving average price of GBX 63.41 and a 200 day moving average price of GBX 55.74.
In related news, insider Benello,David acquired 35,000 shares of the company’s stock in a transaction dated Wednesday, September 21st. The stock was bought at an average price of GBX 61 ($0.80) per share, with a total value of £21,350 ($27,868.42). Also, insider Hurwitz,Richard M acquired 50,000 shares of the company’s stock in a transaction dated Wednesday, July 27th. The shares were bought at an average cost of GBX 44 ($0.57) per share, with a total value of £22,000 ($28,716.88).
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Tungsten Corp PLC Company Profile
Tungsten Corporation plc is a global e-Invoicing network that offers supply chain financing and spend analytics. The Company operates through three segments, which include Tungsten Network, Tungsten Network Finance and Corporate. Its Tungsten Network segment includes the e-Invoicing and spends analytics business of Tungsten Network.
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