Great Western Mining (LON:GWMO) Reaches New 1-Year Low - Time to Sell?

Key Points

• Great Western Mining's stock has reached a new 52-week low, trading at GBX 0.85 ($0.01) after previously closing at GBX 0.87, indicating potential concerns among investors.
• The company has a market cap of £80.91 million and is focused on gold and silver exploitation in Nevada, with an exploration target between 0.5 million to 1.5 million ounces.
• Despite the recent low, the stock saw an 11.4% increase in value during this trading session, suggesting some investor interest may be returning.

Great Western Mining Co. PLC (LON:GWMO - )'s stock price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 0.85 ($0.01) and last traded at GBX 0.97 ($0.01), with a volume of 166392 shares changing hands. The stock had previously closed at GBX 0.87 ($0.01).

Great Western Mining Stock Up 11.4%

The company has a fifty day simple moving average of GBX 1.09 and a 200-day simple moving average of GBX 0.91. The firm has a market cap of £80.91 million, a P/E ratio of -2.35 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.

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