Great Western Mining (LON:GWMO) Sets New 1-Year High – What’s Next?

Shares of Great Western Mining Co. PLC (LON:GWMOGet Free Report) reached a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 5.70 and last traded at GBX 5.20, with a volume of 14161266 shares trading hands. The stock had previously closed at GBX 5.20.

Great Western Mining Stock Up 1.0%

The company has a market capitalization of £20.13 million, a P/E ratio of -1.70 and a beta of 0.19. The business has a 50 day simple moving average of GBX 2.60 and a 200-day simple moving average of GBX 1.79.

About Great Western Mining

(Get Free Report)

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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