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Great Western Mining (LON:GWMO) Trading Down 4.1% - Here's What Happened

Great Western Mining logo with Basic Materials background

Key Points

  • Great Western Mining's shares declined by 4.1% to GBX 0.90 during trading on Tuesday, with a significant drop in trading volume.
  • The company has a market cap of £87.68 million and is focused on gold and silver exploration in Nevada.
  • The business is currently developing projects to extract commercial quantities of gold from multiple prospects, with a target ranging between 0.50 million and 1.50 million ounces.
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Great Western Mining Co. PLC (LON:GWMO - Get Free Report)'s stock price dropped 4.1% on Tuesday . The stock traded as low as GBX 0.90 ($0.01) and last traded at GBX 0.90 ($0.01). Approximately 259,223 shares changed hands during mid-day trading, a decline of 62% from the average daily volume of 676,804 shares. The stock had previously closed at GBX 0.94 ($0.01).

Great Western Mining Price Performance

The company's 50 day moving average price is GBX 0.96 and its two-hundred day moving average price is GBX 1. The stock has a market capitalization of £87.42 million, a PE ratio of -2.35 and a beta of 0.19.

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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