Tungsten (LON:TUNG) Rating Reiterated by Canaccord Genuity

Canaccord Genuity reiterated their buy rating on shares of Tungsten (LON:TUNG) in a report released on Monday, February 25th. They currently have a GBX 80 ($1.05) price target on the stock.

TUNG stock traded up GBX 0.15 ($0.00) during midday trading on Monday, reaching GBX 38.75 ($0.51). The company had a trading volume of 87,945 shares, compared to its average volume of 96,738. Tungsten has a 1 year low of GBX 19.95 ($0.26) and a 1 year high of GBX 65 ($0.85). The stock has a market cap of $48.86 million and a PE ratio of -14.35.

In other news, insider David Williams purchased 147,055 shares of the stock in a transaction that occurred on Monday, February 25th. The stock was bought at an average cost of GBX 34 ($0.44) per share, for a total transaction of £49,998.70 ($65,332.16).

Tungsten Company Profile

Tungsten Corporation Plc operates an e-invoicing network that also provides supply chain financing and spend analytics. The company operates through Tungsten Network and Tungsten Network Finance segments. It offers solutions for buyers, such as e-invoicing solutions to streamline and digitize accounts payable processes; analytics solutions to transform invoice data; workflow solutions for streamlining accounts payable processes; payment solutions to control cash flow and receive payment; and invoice data capture solutions.

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