Wishbone Gold (LON:WSBN) Stock Price Up 17.5% – Still a Buy?

Shares of Wishbone Gold Plc (LON:WSBNGet Free Report) shot up 17.5% during mid-day trading on Wednesday . The stock traded as high as GBX 0.97 and last traded at GBX 0.94. 64,068,848 shares were traded during trading, a decline of 41% from the average session 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 50 day moving average of GBX 1.21 and a 200-day moving average of GBX 0.72. The stock has a market capitalization of £28.41 million, a P/E ratio of -21.46 and a beta of 1.30.

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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