Great Western Mining (LON:GWMO) Trading Down 9.5% – Here’s Why

Great Western Mining Co. PLC (LON:GWMOGet Free Report) shares dropped 9.5% on Monday . The company traded as low as GBX 0.95 ($0.01) and last traded at GBX 0.95 ($0.01). Approximately 1,081,287 shares were traded during mid-day trading, an increase of 64% from the average daily volume of 658,567 shares. The stock had previously closed at GBX 1.05 ($0.01).

Great Western Mining Trading Up 5.0%

The company has a market cap of £87.68 million, a price-to-earnings ratio of -2.35 and a beta of 0.19. The business has a fifty day moving average price of GBX 1.28 and a two-hundred day moving average price of GBX 0.83.

About Great Western Mining

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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.

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