Wishbone Gold (LON:WSBN) Trading Up 28.1% – Still a Buy?

Wishbone Gold Plc (LON:WSBNGet Free Report) shares shot up 28.1% during trading on Thursday . The stock traded as high as GBX 1.23 and last traded at GBX 1.23. 197,957,734 shares changed hands during trading, an increase of 81% from the average session volume of 109,113,648 shares. The stock had previously closed at GBX 0.96.

Wishbone Gold Trading Up 28.1%

The business has a 50-day simple moving average of GBX 1.29 and a 200 day simple moving average of GBX 0.66. The stock has a market cap of £37.18 million, a P/E ratio of -28.08 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.

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