Great Western Mining (LON:GWMO) Shares Down 5.9% – Here’s What Happened

Great Western Mining Co. PLC (LON:GWMOGet Free Report)’s stock price was down 5.9% during mid-day trading on Wednesday . The company traded as low as GBX 4.10 and last traded at GBX 4.42. Approximately 13,743,243 shares traded hands during mid-day trading, an increase of 10% from the average daily volume of 12,464,556 shares. The stock had previously closed at GBX 4.70.

Great Western Mining Trading Down 10.9%

The stock has a 50 day simple moving average of GBX 2.28 and a 200-day simple moving average of GBX 1.68. The firm has a market cap of £17.39 million, a P/E ratio of -1.47 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. 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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