Great Western Mining (LON:GWMO) Stock Price Up 13.3% – Still a Buy?

Shares of Great Western Mining Co. PLC (LON:GWMO) were up 13.3% during trading on Friday . The company traded as high as GBX 1.50 and last traded at GBX 1.45. Approximately 6,267,322 shares traded hands during trading, an increase of 83% from the average daily volume of 3,425,966 shares. The stock had previously closed at GBX 1.28.

Great Western Mining Price Performance

The company’s 50-day simple moving average is GBX 1.16 and its two-hundred day simple moving average is GBX 1.20. The firm has a market capitalization of £2.63 million, a P/E ratio of -0.51 and a beta of 0.19.

Great Western Mining Company Profile

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.