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Great Western Mining (LON:GWMO) Stock Passes Below 200 Day Moving Average - What's Next?

Great Western Mining logo with Basic Materials background

Key Points

  • Great Western Mining's shares fell below their 200-day moving average, trading at GBX 0.92 ($0.01) after hitting a low of GBX 0.90 ($0.01).
  • The company, focused on gold and silver prospects in Nevada, has a current exploration target of up to 1.50 million ounces of gold.
  • Great Western Mining has a market capitalization of £85 million and a PE ratio of -2.35, indicating a challenging financial position.
  • Want stock alerts on Great Western Mining? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Great Western Mining Co. PLC (LON:GWMO - Get Free Report) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 0.96 ($0.01) and traded as low as GBX 0.90 ($0.01). Great Western Mining shares last traded at GBX 0.92 ($0.01), with a volume of 518,002 shares.

Great Western Mining Price Performance

The company's fifty day simple moving average is GBX 0.96 and its two-hundred day simple moving average is GBX 0.98. The stock has a market cap of £83.50 million, a price-to-earnings ratio of -2.35 and a beta of 0.19.

Great Western Mining Company Profile

(Get Free Report)

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.

See Also

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