Wishbone Gold (LON:WSBN) Trading Up 38.1% – Still a Buy?

Wishbone Gold Plc (LON:WSBN)’s share price was up 38.1% on Saturday . The stock traded as high as GBX 1.48 ($0.02) and last traded at GBX 1.45 ($0.02). Approximately 599,250,375 shares were traded during mid-day trading, an increase of 449% from the average daily volume of 109,188,281 shares. The stock had previously closed at GBX 1.05 ($0.01).

Wishbone Gold Trading Up 38.1%

The company’s fifty day moving average is GBX 0.45 and its two-hundred day moving average is GBX 0.26. The stock has a market cap of £7.96 million, a price-to-earnings ratio of -4.41 and a beta of 1.30.

Wishbone Gold (LON:WSBN) last posted its earnings results on Monday, June 30th. The company reported GBX (0.28) 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.