Shares of Great Western Mining Co. PLC (LON:GWMO – Get Free Report) dropped 6.8% during trading on Monday. The stock traded as low as GBX 2.80 and last traded at GBX 2.96. Approximately 8,167,438 shares were traded during mid-day trading, an increase of 1% from the average session volume of 8,096,207 shares. The stock had previously closed at GBX 3.17.
Great Western Mining Trading Down 6.8%
The company has a market capitalization of £12.98 million, a PE ratio of 19.63 and a beta of 0.19. The firm’s 50-day simple moving average is GBX 3.64 and its 200-day simple moving average is GBX 3.46.
About Great Western Mining
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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