Great Western Mining (LON:GWMO) Shares Down 5.7% – Here’s Why

Great Western Mining Co. PLC (LON:GWMO)’s share price was down 5.7% during trading on Thursday . The company traded as low as GBX 1.65 and last traded at GBX 1.65. Approximately 19,397,084 shares were traded during trading, an increase of 32% from the average daily volume of 14,738,512 shares. The stock had previously closed at GBX 1.75.

Great Western Mining Price Performance

The firm has a market cap of £6.59 million, a P/E ratio of -0.56 and a beta of 0.19. The firm’s fifty day moving average is GBX 1.34 and its two-hundred day moving average is GBX 1.29.

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.