Great Western Mining Co. PLC (LON:GWMO – Get Free Report)’s share price dropped 13.3% during trading on Tuesday . The stock traded as low as GBX 4.20 and last traded at GBX 4.25. Approximately 2,672,666 shares traded hands during mid-day trading, a decline of 78% from the average daily volume of 12,151,183 shares. The stock had previously closed at GBX 4.90.
Great Western Mining Trading Down 5.4%
The company has a market cap of £15.91 million, a PE ratio of -1.34 and a beta of 0.19. The firm’s 50-day simple moving average is GBX 2.97 and its two-hundred day simple moving average is GBX 1.93.
About Great Western Mining
Great Western Mining (AIM:GWMO/Euronext Growth 8-GW) is focused on exploitation of its gold and silver prospects in the U.S. state of Nevada, where an active exploration and development programme is under way. Its gold exploration target currently ranges from 0.50 million to 1.50 million ounces from multiple prospects and a project is being developed to produce commercial quantities of gold from numerous spoil heaps. In addition to precious metals, the Company has established a JORC-compliant Inferred Resource of 4.3 million tonnes of 0.45% copper which underpins the longer-term potential provided by its portfolio of assets.
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