Wishbone Gold (LON:WSBN) Reaches New 1-Year Low – Here’s Why

Shares of Wishbone Gold Plc (LON:WSBN) hit a new 52-week low during trading on Monday . The company traded as low as GBX 23 and last traded at GBX 23.50, with a volume of 167039 shares trading hands. The stock had previously closed at GBX 24.

Wishbone Gold Stock Performance

The company has a market cap of £8.73 million, a P/E ratio of -5.25 and a beta of 1.57. The business has a fifty day simple moving average of GBX 27.09 and a 200 day simple moving average of GBX 49.11.

Wishbone Gold (LON:WSBN) last issued its quarterly earnings results on Tuesday, June 30th. The company reported GBX (0.04) earnings per share for the quarter. Wishbone Gold had a negative return on equity of 12.53% and a negative net margin of 685.01%.

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.