Great Western Mining (LON:GWMO) Trading Down 12.3% – What’s Next?

Shares of Great Western Mining Co. PLC (LON:GWMO) were down 12.3% during mid-day trading on Tuesday . The company traded as low as GBX 1.05 and last traded at GBX 1.14. Approximately 4,965,265 shares changed hands during mid-day trading, an increase of 72% from the average daily volume of 2,880,868 shares. The stock had previously closed at GBX 1.30.

Great Western Mining Trading Down 11.5%

The firm has a 50-day moving average of GBX 1.23 and a 200 day moving average of GBX 1.17. The stock has a market capitalization of £2.07 million, a price-to-earnings ratio of -0.40 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.