Great Western Mining (LON:GWMO) Shares Up 10.1% – Time to Buy?

Shares of Great Western Mining Co. PLC (LON:GWMOGet Free Report) shot up 10.1% during trading on Monday . The stock traded as high as GBX 4.50 and last traded at GBX 4.37. 4,716,324 shares changed hands during trading, a decline of 61% from the average session volume of 12,171,890 shares. The stock had previously closed at GBX 3.97.

Great Western Mining Price Performance

The firm has a market capitalization of £18.67 million, a price-to-earnings ratio of -1.58 and a beta of 0.19. The firm’s fifty day moving average is GBX 2.11 and its 200 day moving average is GBX 1.62.

Great Western Mining Company Profile

(Get Free Report)

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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