Wishbone Gold Plc (LON:WSBN – Get Free Report) shares dropped 19.1% on Saturday . The company traded as low as GBX 0.95 and last traded at GBX 1. Approximately 250,657,828 shares changed hands during mid-day trading, an increase of 128% from the average daily volume of 109,855,438 shares. The stock had previously closed at GBX 1.23.
Wishbone Gold Stock Performance
The company has a market cap of £30.07 million, a price-to-earnings ratio of -22.72 and a beta of 1.30. The business’s 50 day simple moving average is GBX 1.28 and its 200-day simple moving average is GBX 0.68.
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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