Great Western Mining (LON:GWMO) Trading 14.6% Higher – What’s Next?

Great Western Mining Co. PLC (LON:GWMOGet Free Report) shares were up 14.6% on Monday . The company traded as high as GBX 1.50 ($0.02) and last traded at GBX 1.49 ($0.02). Approximately 4,969,590 shares changed hands during mid-day trading, an increase of 154% from the average daily volume of 1,959,275 shares. The stock had previously closed at GBX 1.30 ($0.02).

Great Western Mining Price Performance

The business’s fifty day simple moving average is GBX 1.20 and its two-hundred day simple moving average is GBX 1.33. The company has a market cap of £2.73 million, a PE ratio of -38.50 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.

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