Great Western Mining (LON:GWMO) Stock Price Down 6.7% – Time to Sell?

Great Western Mining Co. PLC (LON:GWMOGet Free Report) dropped 6.7% during mid-day trading on Tuesday . The company traded as low as GBX 0.92 and last traded at GBX 1.05. Approximately 3,888,554 shares were traded during mid-day trading, an increase of 35% from the average daily volume of 2,889,265 shares. The stock had previously closed at GBX 1.13.

Great Western Mining Trading Down 6.7%

The firm’s 50 day simple moving average is GBX 1.33 and its 200 day simple moving average is GBX 1.20. The firm has a market cap of £1.89 million, a PE ratio of -0.37 and a beta of 0.19.

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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