Great Western Mining (LON:GWMO) Trading 22% Higher – What’s Next?

Great Western Mining Co. PLC (LON:GWMOGet Free Report) shares were up 22% during trading on Monday . The stock traded as high as GBX 1.30 and last traded at GBX 1.25. Approximately 3,395,897 shares traded hands during mid-day trading, an increase of 19% from the average daily volume of 2,845,966 shares. The stock had previously closed at GBX 1.03.

Great Western Mining Price Performance

The company has a market capitalization of £2.25 million, a PE ratio of -0.44 and a beta of 0.19. The company has a 50-day moving average of GBX 1.25 and a two-hundred day moving average of GBX 1.17.

About Great Western Mining

(Get Free Report)

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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