Great Western Mining Co. PLC (LON:GWMO – Get Free Report)’s stock price dropped 4.3% during trading on Tuesday . The company traded as low as GBX 3.50 and last traded at GBX 3.83. Approximately 5,159,406 shares changed hands during mid-day trading, a decline of 56% from the average daily volume of 11,692,160 shares. The stock had previously closed at GBX 4.
Great Western Mining Stock Down 4.3%
The firm’s 50-day simple moving average is GBX 3.40 and its 200-day simple moving average is GBX 2.10. The firm has a market capitalization of £16.59 million, a PE ratio of -416.30 and a beta of 0.19.
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.
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