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Great Western Mining (LON:GWMO) Trading Up 5.6% - Here's Why

Great Western Mining logo with Basic Materials background

Shares of Great Western Mining Co. PLC (LON:GWMO - Get Free Report) traded up 5.6% during mid-day trading on Tuesday . The company traded as high as GBX 2 ($0.03) and last traded at GBX 1.90 ($0.03). 352,821 shares changed hands during mid-day trading, an increase of 17% from the average session volume of 300,451 shares. The stock had previously closed at GBX 1.80 ($0.02).

Great Western Mining Trading Up 5.3 %

The stock has a 50 day simple moving average of GBX 0.82 and a 200-day simple moving average of GBX 0.30. The firm has a market cap of £167 million, a PE ratio of -2.35 and a beta of 0.19.

About Great Western Mining

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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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