Wishbone Gold Plc (LON:WSBN – Get Free Report) shares rose 17.5% on Wednesday . The company traded as high as GBX 0.97 and last traded at GBX 0.94. Approximately 64,068,848 shares traded hands during mid-day trading, a decline of 41% from the average daily volume of 107,933,125 shares. The stock had previously closed at GBX 0.80.
Wishbone Gold Stock Up 17.5%
The company has a market cap of £28.41 million, a price-to-earnings ratio of -21.46 and a beta of 1.30. The company’s fifty day moving average price is GBX 1.20 and its two-hundred day moving average price is GBX 0.73.
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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