Wishbone Gold (LON:WSBN) Shares Cross Below 200-Day Moving Average – What’s Next?

Wishbone Gold Plc (LON:WSBN)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 47.04 and traded as low as GBX 23.07. Wishbone Gold shares last traded at GBX 23.12, with a volume of 168,405 shares traded.

Wishbone Gold Trading Up 1.1%

The stock has a 50-day moving average of GBX 25.83 and a two-hundred day moving average of GBX 46.79. The firm has a market cap of £8.92 million, a price-to-earnings ratio of -5.37 and a beta of 1.66.

Wishbone Gold (LON:WSBN) last posted its quarterly earnings data on Tuesday, June 30th. The company reported GBX (0.04) earnings per share (EPS) for the quarter. Wishbone Gold had a negative return on equity of 12.39% and a negative net margin of 685.01%.

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. 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.