Great Western Mining (LON:GWMO) Stock Price Down 16.1% – Here’s Why

Great Western Mining Co. PLC (LON:GWMO) shares traded down 16.1% during mid-day trading on Thursday . The company traded as low as GBX 1.22 and last traded at GBX 1.22. 7,581,521 shares traded hands during mid-day trading, an increase of 92% from the average session volume of 3,941,117 shares. The stock had previously closed at GBX 1.45.

Great Western Mining Trading Down 11.0%

The business’s 50-day simple moving average is GBX 1.18 and its 200 day simple moving average is GBX 1.22. The company has a market capitalization of £2.32 million, a P/E ratio of -0.45 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.