Disclosure: The author has a short position in one or more of the shares mentioned. 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.
Tungsten Corporation (TUNG) shares have had a good run since July, rising over 50% to hit 70p this week. At today’s 67p the market cap is £86 million. That is way too high for a company forecast to lose £12-14 million on sales of £30 million in the year to April 2017.
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