Great Western Mining (LON:GWMO) Trading Down 13.3% – Here’s Why

Great Western Mining Co. PLC (LON:GWMO)’s share price fell 13.3% during mid-day trading on Tuesday . The company traded as low as GBX 4.20 and last traded at GBX 4.25. 2,672,666 shares were traded during mid-day trading, a decline of 78% from the average session volume of 12,151,183 shares. The stock had previously closed at GBX 4.90.

Great Western Mining Trading Down 14.3%

The firm has a market cap of £17.43 million, a P/E ratio of -1.47 and a beta of 0.19. The business’s fifty day simple moving average is GBX 2.86 and its 200-day simple moving average is GBX 1.89.

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.