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Great Western Minerals Group Continues Its Slide, Down 10% Today

Great Western Minerals Group (GWG.V) continues its slide of the last week or so, down 10% with close to 4 million shares traded today. It had jumped 5 cents to 87 cents at the open of trading on Monday, March 7, and managed to trade in the 84 cents to 87 cents range for the best part of three full days, even briefly touching 90 cents.

But it started a descent last Thursday and, despite a couple of bouts of buying, has been under selling pressure for most of the last four days. It touched a day low 62 cents today.

Great Western Minerals Group is a Canadian-based company with a vertically-integrated, business model in the rare earth element industry through exploration, mine development and specialty metals production. March 7, it announced exploration results from the first phase drill program at the Red Wine property located in Labrador, Canada.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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