Wishbone Gold (LON:WSBN) Trading Down 19.1% – Time to Sell?

Wishbone Gold Plc (LON:WSBNGet Free Report)’s share price dropped 19.1% during trading on Saturday . The stock 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 Price Performance

The firm has a fifty day simple moving average of GBX 1.28 and a two-hundred day simple moving average of GBX 0.68. The firm has a market capitalization of £30.07 million, a P/E ratio of -22.72 and a beta of 1.30.

Wishbone Gold Company Profile

(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.

Further Reading

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