Great Western Mining Co. PLC (LON:GWMO – Get Free Report)’s stock price shot up 15% during mid-day trading on Tuesday . The stock traded as high as GBX 4.20 and last traded at GBX 3.91. 15,117,520 shares were traded during mid-day trading, an increase of 66% from the average session volume of 9,105,547 shares. The stock had previously closed at GBX 3.40.
Great Western Mining Price Performance
The firm’s fifty day moving average is GBX 3.27 and its two-hundred day moving average is GBX 2.86. The firm has a market cap of £17.87 million, a price-to-earnings ratio of -445.65 and a beta of 0.19.
Great Western Mining Company Profile
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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