Wishbone Gold Plc (LON:WSBN – Get Free Report)’s share price was down 23.1% during mid-day trading on Wednesday. The stock traded as low as GBX 11.65 and last traded at GBX 12.11. Approximately 1,260,010 shares traded hands during trading, an increase of 128% from the average session volume of 553,126 shares. The stock had previously closed at GBX 15.75.
Wishbone Gold Trading Down 23.1%
The business has a 50-day moving average of GBX 20.61 and a 200 day moving average of GBX 24.30. The firm has a market capitalization of £4.60 million, a PE ratio of -302.78 and a beta of 1.58.
About Wishbone Gold
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.
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