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Great Western Mining (LON:GWMO) Shares Pass Below 50-Day Moving Average - Time to Sell?

Great Western Mining logo with Basic Materials background

Shares of Great Western Mining Co. PLC (LON:GWMO - Get Free Report) crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 1.48 ($0.02) and traded as low as GBX 0.86 ($0.01). Great Western Mining shares last traded at GBX 0.94 ($0.01), with a volume of 3,174,414 shares trading hands.

Great Western Mining Stock Performance

The company has a market capitalization of £76.40 million, a PE ratio of -2.35 and a beta of 0.19. The stock's fifty day simple moving average is GBX 1.40 and its 200-day simple moving average is GBX 0.77.

About Great Western Mining

(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.

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