Great Western Mining (LON:GWMO) Shares Pass Above 50-Day Moving Average – What’s Next?

Great Western Mining Co. PLC (LON:GWMOGet Free Report)’s share price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 0.02 ($0.00) and traded as high as GBX 0.02 ($0.00). Great Western Mining shares last traded at GBX 0.02 ($0.00), with a volume of 8,044,719 shares.

Great Western Mining Price Performance

The stock has a 50 day simple moving average of GBX 0.02 and a two-hundred day simple moving average of GBX 0.03. The company has a market cap of £1.67 million, a price-to-earnings ratio of -2.35 and a beta of 0.19.

Great Western Mining Company Profile

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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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