Wishbone Gold (LON:WSBN) Stock Price Passes Below 200-Day Moving Average – Should You Sell?

Wishbone Gold Plc (LON:WSBNGet Free Report) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 92.98 and traded as low as GBX 63.40. Wishbone Gold shares last traded at GBX 70, with a volume of 515,378 shares.

Wishbone Gold Stock Down 3.6%

The business’s fifty day moving average is GBX 71.56 and its two-hundred day moving average is GBX 92.98. The stock has a market capitalization of £20.40 million, a PE ratio of -15.41 and a beta of 1.30.

Wishbone Gold (LON:WSBNGet Free Report) last released its quarterly earnings results on Tuesday, November 25th. The company reported GBX (28) earnings per share (EPS) 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. 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.

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