Great Western Mining Co. PLC (LON:GWMO – Get Free Report) shares traded up 12.7% during mid-day trading on Thursday. The stock traded as high as GBX 3.20 and last traded at GBX 3.10. 3,984,353 shares changed hands during mid-day trading, a decline of 50% from the average daily volume of 7,908,144 shares. The stock had previously closed at GBX 2.75.
Great Western Mining Stock Performance
The firm’s 50-day moving average price is GBX 3.55 and its 200 day moving average price is GBX 2.92. The company has a market cap of £13.15 million, a price-to-earnings ratio of 19.89 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.
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