Wishbone Gold (LON:WSBN) Trading 5.6% Higher – Time to Buy?

Shares of Wishbone Gold Plc (LON:WSBNGet Free Report) shot up 5.6% during trading on Friday . The stock traded as high as GBX 0.70 ($0.01) and last traded at GBX 0.66 ($0.01). 300,365,594 shares traded hands during mid-day trading, an increase of 232% from the average session volume of 90,486,227 shares. The stock had previously closed at GBX 0.63 ($0.01).

Wishbone Gold Price Performance

The stock has a fifty day moving average of GBX 0.27 and a 200 day moving average of GBX 0.21. The firm has a market capitalization of £3.24 million, a P/E ratio of -1.80 and a beta of 1.30.

Wishbone Gold (LON:WSBNGet Free Report) last announced its quarterly earnings results on Monday, June 30th. The company reported GBX (0.28) ($0.00) earnings per share for the quarter.

Wishbone Gold Company Profile

(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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