Wishbone Gold (LON:WSBN) Hits New 52-Week Low – Time to Sell?

Wishbone Gold Plc (LON:WSBN)’s stock price reached a new 52-week low during trading on Wednesday . The company traded as low as GBX 21 and last traded at GBX 21.85, with a volume of 259541 shares trading hands. The stock had previously closed at GBX 22.

Wishbone Gold Price Performance

The firm’s fifty day moving average is GBX 24.10 and its 200-day moving average is GBX 40.58. The firm has a market cap of £8.30 million, a price-to-earnings ratio of -4.99 and a beta of 1.66.

Wishbone Gold (LON:WSBN) last announced 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 net margin of 685.01% and a negative return on equity of 12.39%.

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.