Wishbone Gold (LON:WSBN) Shares Up 27.8% – What’s Next?

Wishbone Gold Plc (LON:WSBN) shares shot up 27.8% on Friday . The company traded as high as GBX 0.47 ($0.01) and last traded at GBX 0.46 ($0.01). 120,519,469 shares traded hands during mid-day trading, an increase of 28% from the average session volume of 94,155,383 shares. The stock had previously closed at GBX 0.36 ($0.00).

Wishbone Gold Price Performance

The stock has a market capitalization of £2.58 million, a price-to-earnings ratio of -1.43 and a beta of 1.30. The business has a 50-day simple moving average of GBX 0.32 and a two-hundred day simple moving average of GBX 0.22.

Wishbone Gold (LON:WSBN) last posted 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

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.