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Great Western Mining (LON:GWMO) Stock Price Up 10% - Still a Buy?

Great Western Mining logo with Basic Materials background

Great Western Mining Co. PLC (LON:GWMO - Get Free Report)'s share price rose 10% during mid-day trading on Friday . The company traded as high as GBX 1.10 ($0.01) and last traded at GBX 1.10 ($0.01). Approximately 496,534 shares traded hands during mid-day trading, an increase of 35% from the average daily volume of 367,289 shares. The stock had previously closed at GBX 1 ($0.01).

Great Western Mining Stock Performance

The firm has a market capitalization of £87.68 million, a P/E ratio of -2.35 and a beta of 0.19. The stock has a 50 day moving average of GBX 1.63 and a 200-day moving average of GBX 0.69.

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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