Great Western Mining (LON:GWMO) Hits New 52-Week High – Still a Buy?
by Amy Steele · The Cerbat GemGreat Western Mining Co. PLC (LON:GWMO – Get Free Report) shares reached a new 52-week high on Tuesday . The stock traded as high as GBX 2.40 and last traded at GBX 2.28, with a volume of 9103760 shares trading hands. The stock had previously closed at GBX 2.23.
Great Western Mining Stock Performance
The stock has a market cap of £9.39 million, a price-to-earnings ratio of -0.80 and a beta of 0.19. The firm’s 50-day simple moving average is GBX 1.66 and its two-hundred day simple moving average is GBX 1.45.
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. In addition to precious metals, the Company has established a JORC-compliant Inferred Resource of 4.3 million tonnes of 0.45% copper which underpins the longer-term potential provided by its portfolio of assets.