Great Western Mining (LON:GWMO) Reaches New 12-Month Low - Here's Why

Key Points

• Great Western Mining shares fell to a new 52-week low at GBX 0.85 ($0.01), indicating a significant downturn in the stock's performance.
• The company experienced a 5.7% decline in stock price and currently holds a market capitalization of £72.31 million.
• Great Western Mining is engaged in gold and silver exploration in Nevada, with an exploration target of 0.50 to 1.50 million ounces across multiple prospects.

Great Western Mining Co. PLC (LON:GWMO - Get Free Report) shares hit a new 52-week low during trading on Tuesday . The company traded as low as GBX 0.85 ($0.01) and last traded at GBX 0.87 ($0.01), with a volume of 2608143 shares changing hands. The stock had previously closed at GBX 0.92 ($0.01).

Great Western Mining Stock Down 3.3%

The company has a market capitalization of £72.65 million, a PE ratio of -2.35 and a beta of 0.19. The stock has a 50-day moving average of GBX 1.09 and a 200 day moving average of GBX 0.90.

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.