Wishbone Gold (LON:WSBN) Shares Up 13.9% – Here’s Why

Shares of Wishbone Gold Plc (LON:WSBN) shot up 13.9% during mid-day trading on Tuesday . The company traded as high as GBX 72 and last traded at GBX 68.33. 579,668 shares traded hands during mid-day trading, a decline of 45% from the average session volume of 1,053,539 shares. The stock had previously closed at GBX 60.

Wishbone Gold Stock Up 11.3%

The firm’s 50-day moving average price is GBX 80.71 and its 200 day moving average price is GBX 83.80. The firm has a market cap of £20.18 million, a P/E ratio of -15.25 and a beta of 1.30.

Wishbone Gold (LON:WSBN) last released its earnings results on Tuesday, November 25th. The company reported GBX (28) earnings per share (EPS) for the quarter.

Wishbone Gold Company Profile

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. Red Setter is a Havieron style gold prospect. Cottlesloe, 35km south east of Red Setter, has deposits visible at surface of silver and lead: metals which are essential for battery and electric car production.

In Queensland the Wishbone II project has almost doubled recently with the addition of Wishbone VI.