Great Western Mining (LON:GWMO) Shares Down 10% – Here’s Why

Great Western Mining Co. PLC (LON:GWMO)’s share price traded down 10% during mid-day trading on Monday . The company traded as low as GBX 0.01 ($0.00) and last traded at GBX 0.01 ($0.00). 122,834,383 shares were traded during mid-day trading, an increase of 111% from the average session volume of 58,289,852 shares. The stock had previously closed at GBX 0.01 ($0.00).

Great Western Mining Price Performance

The business’s 50-day moving average price is GBX 0.02 and its 200 day moving average price is GBX 0.02. The company has a market capitalization of £835,000.00, a P/E ratio of -2.35 and a beta of 0.19.

Great Western Mining Company Profile

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.