Shares of Wishbone Gold Plc (LON:WSBN – Get Free Report) rose 28.1% during trading on Thursday . The stock traded as high as GBX 1.23 and last traded at GBX 1.23. Approximately 197,957,734 shares traded hands during mid-day trading, an increase of 81% from the average daily volume of 109,113,648 shares. The stock had previously closed at GBX 0.96.
Wishbone Gold Stock Down 9.8%
The company’s 50-day simple moving average is GBX 1.29 and its 200 day simple moving average is GBX 0.67. The company has a market capitalization of £33.55 million, a P/E ratio of -25.34 and a beta of 1.30.
About Wishbone Gold
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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