Wishbone Gold (LON:WSBN) Stock Price Up 38.6% – Still a Buy?

Wishbone Gold Plc (LON:WSBNGet Free Report) rose 38.6% during mid-day trading on Friday . The company traded as high as GBX 1.98 ($0.03) and last traded at GBX 1.85 ($0.02). Approximately 323,343,250 shares were traded during trading, an increase of 183% from the average daily volume of 114,093,523 shares. The stock had previously closed at GBX 1.34 ($0.02).

Wishbone Gold Stock Performance

The company has a market capitalization of £45.41 million, a PE ratio of -636.36 and a beta of 1.30. The business’s 50-day moving average is GBX 0.95 and its 200-day moving average is GBX 0.45.

Wishbone Gold (LON:WSBNGet Free Report) last issued its quarterly earnings results on Monday, June 30th. The company reported GBX (0.28) earnings per share (EPS) for the quarter.

About Wishbone Gold

(Get Free Report)

Wishbone Gold Plc is listed in London on the LSE AIM market and the AQUIS stock exchange.

It has three major exploration properties in Australia and three minor prospects. Two of these are located in the Pilbara region of Western Australia and the third is in the Mingela-Charters Towers region in Queensland.

The company’s flagship project is Red Setter located approximately 13km south west of Newcrest’s Telfer operations.

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