Wishbone Gold (LON:WSBN) Reaches New 1-Year Low – Time to Sell?

Wishbone Gold Plc (LON:WSBN)’s share price hit a new 52-week low during mid-day trading on Thursday. The stock traded as low as GBX 8.50 and last traded at GBX 8.72, with a volume of 586,386 shares. The stock had previously closed at GBX 9.02.

Wishbone Gold Stock Down 3.2%

The company has a market capitalization of £3.31 million, a price-to-earnings ratio of -6.31 and a beta of 1.58. The business’s 50-day moving average is GBX 16.66 and its 200-day moving average is GBX 31.66.

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.