Wishbone Gold (LON:WSBN) Share Price Crosses Below 200-Day Moving Average – Here’s What Happened

Wishbone Gold Plc (LON:WSBN) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 94.46 and traded as low as GBX 75. Wishbone Gold shares last traded at GBX 75.15, with a volume of 304,419 shares changing hands.

Wishbone Gold Stock Down 6.6%

The company has a market capitalization of £22.71 million, a price-to-earnings ratio of -17.16 and a beta of 1.30. The business’s 50-day moving average is GBX 73.42 and its 200-day moving average is GBX 94.46.

Wishbone Gold (LON:WSBN) last announced its quarterly earnings results on Tuesday, November 25th. The company reported GBX (28) 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.