Great Western Mining (LON:GWMO) Shares Up 1.1% – Here’s What Happened

Great Western Mining Co. PLC (LON:GWMOGet Free Report) shot up 1.1% during mid-day trading on Tuesday . The company traded as high as GBX 1.65 and last traded at GBX 1.53. 988,000 shares changed hands during trading, a decline of 92% from the average session volume of 12,301,177 shares. The stock had previously closed at GBX 1.51.

Great Western Mining Trading Up 1.1%

The company has a 50 day simple moving average of GBX 1.56 and a 200 day simple moving average of GBX 1.40. The stock has a market capitalization of £6.28 million, a PE ratio of -0.54 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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