Great Western Mining (LON:GWMO) Reaches New 1-Year High – Still a Buy?

Shares of Great Western Mining Co. PLC (LON:GWMOGet Free Report) hit a new 52-week high during trading on Monday . The company traded as high as GBX 5.70 and last traded at GBX 5.20, with a volume of 14161266 shares traded. The stock had previously closed at GBX 5.20.

Great Western Mining Stock Performance

The stock has a market cap of £21.58 million, a price-to-earnings ratio of -1.82 and a beta of 0.19. The business’s fifty day simple moving average is GBX 2.47 and its 200 day simple moving average is GBX 1.74.

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.

Further Reading

Receive News & Ratings for Great Western Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Great Western Mining and related companies with MarketBeat.com's FREE daily email newsletter.