Great Western Mining (LON:GWMO) Shares Up 11.1% - What's Next?

Key Points

• Great Western Mining shares rose by 11.1%, trading as high as GBX 1.05 ($0.01) during mid-day trading.
• The stock's trading volume increased by 258% from its average daily volume, with approximately 2.46 million shares exchanged.
• Great Western Mining is focused on gold and silver exploration in Nevada, targeting between 0.50 million to 1.50 million ounces of gold from multiple prospects.

Great Western Mining Co. PLC (LON:GWMO - )'s stock price rose 11.1% during mid-day trading on Wednesday . The stock traded as high as GBX 1.05 ($0.01) and last traded at GBX 1 ($0.01). Approximately 2,460,629 shares were traded during trading, an increase of 258% from the average daily volume of 687,953 shares. The stock had previously closed at GBX 0.90 ($0.01).

Great Western Mining Price Performance

The company has a market cap of £79.33 million, a PE ratio of -2.35 and a beta of 0.19. The stock has a fifty day moving average price of GBX 0.96 and a 200-day moving average price of GBX 0.98.

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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