Wishbone Gold (LON:WSBN) Trading Up 38.6% – Still a Buy?

Wishbone Gold Plc (LON:WSBNGet Free Report) shares rose 38.6% during trading on Friday . The stock traded as high as GBX 1.98 ($0.03) and last traded at GBX 1.85 ($0.02). Approximately 323,343,250 shares changed hands during mid-day trading, an increase of 183% from the average daily volume of 114,093,523 shares. The stock had previously closed at GBX 1.34 ($0.02).

Wishbone Gold Price Performance

The business has a 50 day moving average price of GBX 0.98 and a 200 day moving average price of GBX 0.46. The firm has a market capitalization of £45.41 million, a P/E ratio of -636.36 and a beta of 1.30.

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

About Wishbone Gold

(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.

Further Reading

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