North American Tungsten falls into the red

May 28, 2013 | 04:33 PM | Daniel Fitzgerald

Tags  North American Tungsten, earnings report, tungsten, tungsten prices, ammonium paratungstate, APT, Queenwood Capital Partners, Kurt Heikkila Ronald Erickson

NEW YORK — North American Tungsten Corp. Ltd. has fallen into the red on lower revenue due to reduced market prices for tungsten.

The Vancouver, British Columbia-based company posted a net loss of Canadian $3.41 million ($3.28 million) for its fiscal second quarter ended March 31, in contrast to net income of $2.52 million in the same period last year, on revenue that fell 25.3 percent to C$24.94 million ($23.96 million) from $33.41 million.....

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