Great Western Mining (LON:GWMO) Stock Price Up 16.8% – Here’s Why

Great Western Mining Co. PLC (LON:GWMOGet Free Report) shares shot up 16.8% during mid-day trading on Thursday . The stock traded as high as GBX 1.14 and last traded at GBX 1.14. 7,043,874 shares were traded during mid-day trading, an increase of 146% from the average session volume of 2,864,277 shares. The stock had previously closed at GBX 0.98.

Great Western Mining Stock Down 6.6%

The company has a market cap of £1.85 million, a PE ratio of -0.36 and a beta of 0.19. The firm has a 50 day simple moving average of GBX 1.43 and a 200-day simple moving average of GBX 1.26.

About Great Western Mining

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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.

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