Shares of Great Western Mining Co. PLC (LON:GWMO – Get Free Report) were down 12.6% on Wednesday . The company traded as low as GBX 1.25 and last traded at GBX 1.49. Approximately 27,373,117 shares changed hands during trading, an increase of 300% from the average daily volume of 6,838,995 shares. The stock had previously closed at GBX 1.70.
Great Western Mining Price Performance
The firm’s 50 day moving average price is GBX 1.21 and its 200-day moving average price is GBX 1.23. The stock has a market cap of £2.69 million, a P/E ratio of -0.53 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.
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