Wishbone Gold (LON:WSBN) Shares Pass Below 200-Day Moving Average – Here’s Why

Wishbone Gold Plc (LON:WSBN) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 82.56 and traded as low as GBX 59. Wishbone Gold shares last traded at GBX 61.50, with a volume of 528,009 shares traded.

Wishbone Gold Stock Down 7.9%

The firm has a market capitalization of £17.12 million, a P/E ratio of -12.93 and a beta of 1.30. The business’s 50-day simple moving average is GBX 85.91 and its 200 day simple moving average is GBX 82.56.

Wishbone Gold (LON:WSBN) last announced its quarterly earnings data on Tuesday, November 25th. The company reported GBX (28) earnings per share (EPS) for the quarter.

About Wishbone Gold

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.

In Queensland the Wishbone II project has almost doubled recently with the addition of Wishbone VI.