Great Western Mining (LON:GWMO) Share Price Crosses Below 200-Day Moving Average - Here's Why

Key Points

• Great Western Mining's share price has fallen below its 200-day moving average of GBX 0.92, trading as low as GBX 0.85 during recent sessions.
• The company, focused on gold and silver exploration in Nevada, currently has a market capitalization of £72.81 million and negative earnings indicated by a price-to-earnings ratio of -2.35.
• Great Western Mining aims to exploit gold resources with an exploration target of between 0.50 million to 1.50 million ounces from various prospects in its operational area.

Great Western Mining Co. PLC (LON:GWMO - ) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 0.92 ($0.01) and traded as low as GBX 0.85 ($0.01). Great Western Mining shares last traded at GBX 0.87 ($0.01), with a volume of 347,040 shares changing hands.

Great Western Mining Stock Performance

The stock has a market capitalization of £72.81 million, a price-to-earnings ratio of -2.35 and a beta of 0.19. The business has a 50-day moving average of GBX 1.06 and a 200-day moving average of GBX 0.92.

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.

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