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

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

Great Western Mining Trading Up 5.3%

The stock’s 50 day moving average is GBX 1.60 and its 200-day moving average is GBX 1.42. The company has a market cap of £6.94 million, a P/E ratio of -0.59 and a beta of 0.19.

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.