Great Western Mining (LON:GWMO) Share Price Crosses Below Two Hundred 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.

Shares of Great Western Mining Co. PLC (LON:GWMO - Get Free Report) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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.

Great Western Mining Trading Up 9.9%

The company has a market cap of £83.50 million, a PE ratio of -2.35 and a beta of 0.19. The business's 50-day simple moving average is GBX 1.03 and its 200-day simple moving average is GBX 0.95.

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.