Great Western Mining (LON:GWMO) Trading Down 5.9% – Here’s Why

Great Western Mining Co. PLC (LON:GWMO) shares fell 5.9% during trading on Wednesday . The company traded as low as GBX 4.10 and last traded at GBX 4.42. 13,743,243 shares were traded during mid-day trading, an increase of 10% from the average session volume of 12,464,556 shares. The stock had previously closed at GBX 4.70.

Great Western Mining Stock Up 8.3%

The stock has a market cap of £21.58 million, a PE ratio of -1.82 and a beta of 0.19. The business has a 50 day moving average price of GBX 2.40 and a 200 day moving average price of GBX 1.72.

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.