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Tungsten Corp – full-year results, “clear opportunities”?...

By Steve Moore | Friday 30 July 2021


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Self-styled “a leading provider of digital financial management products and software solutions”, Tungsten Corp (TUNG) has announced results for its year ended 30th April 2021 including emphasising “adjusted EBITDA has increased from £2.7 million to £3.6 million” and “an increase in transaction volumes over the Network as we entered the new financial year, and it’s pleasing to see that our year to date transactions are up 10% versus the prior year”. Why then are the shares unchanged at 38p compared to above 40p as recently as last month and also a year ago?

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