Great Western Mining (LON:GWMO) Trading Up 17.5% – Here’s What Happened

Great Western Mining Co. PLC (LON:GWMO)’s stock price rose 17.5% during mid-day trading on Monday . The stock traded as high as GBX 1.70 and last traded at GBX 1.67. Approximately 5,981,543 shares changed hands during mid-day trading, a decline of 46% from the average daily volume of 11,164,822 shares. The stock had previously closed at GBX 1.42.

Great Western Mining Stock Performance

The company’s 50-day moving average price is GBX 1.60 and its 200 day moving average price is GBX 1.41. The stock has a market cap of £6.80 million, a PE ratio of -0.58 and a beta of 0.19.

Great Western Mining Company Profile

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.