Tungsten Corp PLC (TUNG) Earns Buy Rating from Canaccord Genuity
Tungsten Corp PLC (LON:TUNG)‘s stock had its “buy” rating reissued by investment analysts at Canaccord Genuity in a research report issued to clients and investors on Monday. They currently have a GBX 92 ($1.20) target price on the stock. Canaccord Genuity’s price objective points to a potential upside of 42.64% from the company’s previous close.
Shares of Tungsten Corp PLC (LON TUNG) traded down 1.15% during trading on Monday, hitting GBX 64.50. The stock had a trading volume of 14,911 shares. Tungsten Corp PLC has a 52 week low of GBX 39.05 and a 52 week high of GBX 73.00. The stock’s market capitalization is GBX 81.31 million. The stock’s 50 day moving average is GBX 65.26 and its 200 day moving average is GBX 62.88.
In other Tungsten Corp PLC news, insider Nicholas S. Parker bought 60,000 shares of the company’s stock in a transaction on Friday, April 28th. The stock was bought at an average price of GBX 59 ($0.77) per share, for a total transaction of £35,400 ($46,226.17).
About Tungsten Corp PLC
Tungsten Corporation plc is engaged in e-invoicing, purchase order services, analytics and financing business. The Company’s segments include Tungsten Network, Tungsten Network Finance, Tungsten Bank and Corporate. Its Tungsten Network segment includes e-invoicing and spend analytics business of Tungsten Network.
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