Shares of Mawson West Ltd (TSX: MWE), engaged in the exploration, production and development of copper, recorded over 16.0% gain during each of the past two consecutive trading sessions with significant number of shares exchanging hands. During the last trading session MWE gained 16.7% and closed at C$0.04, while recording significant trading volumes of 684,821 shares. Recently, MWE announced that it has implemented a restructuring of the company’s executive team and reduction of employees within the Perth corporate office following a recent review of its Democratic Republic of Congo operations, Australian corporate functions and associated costs. During the past 5-trading sessions, MWE gained 75.0% with daily average trading volumes of 479,681 shares, while the stock fell by 30.0% during the past one month with daily average trading volumes of 1.5 million shares.
Company Description:
Mawson West Limited (TSX: MWE) is an international mining company. The company produces, develops and explores properties for copper, silver and other metal resources in the Democratic Republic of the Congo.
1-Year Stock Chart:
Source: Bloomberg
