Wishbone Gold (LON:WSBN) Shares Up 17.2% – Here’s Why

Wishbone Gold Plc (LON:WSBNGet Free Report) rose 17.2% during mid-day trading on Thursday . The stock traded as high as GBX 0.97 ($0.01) and last traded at GBX 0.93 ($0.01). Approximately 552,798,313 shares were traded during mid-day trading, an increase of 425% from the average daily volume of 105,320,078 shares. The stock had previously closed at GBX 0.79 ($0.01).

Wishbone Gold Price Performance

The firm’s 50 day simple moving average is GBX 0.41 and its 200-day simple moving average is GBX 0.24. The company has a market cap of £6.10 million, a price-to-earnings ratio of -3.38 and a beta of 1.30.

Wishbone Gold (LON:WSBNGet Free Report) last announced its earnings results on Monday, June 30th. The company reported GBX (0.28) earnings per share (EPS) for the quarter.

About Wishbone Gold

(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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