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Great Western Mining (LON:GWMO) Stock Price Up 10% - Here's Why

Great Western Mining logo with Basic Materials background

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

Great Western Mining Stock Performance

The business has a 50 day simple moving average of GBX 1.64 and a two-hundred day simple moving average of GBX 0.67. The firm has a market capitalization of £87.68 million, a P/E 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.

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