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

Wishbone Gold Plc (LON:WSBN)’s share price hit a new 52-week low during trading on Tuesday . The company traded as low as GBX 21 and last traded at GBX 21.22, with a volume of 150594 shares changing hands. The stock had previously closed at GBX 22.

Wishbone Gold Stock Down 3.5%

The firm has a market capitalization of £8.06 million, a P/E ratio of -530.50 and a beta of 1.66. The stock has a fifty day moving average of GBX 23.20 and a 200-day moving average of GBX 37.07.

Wishbone Gold (LON:WSBN) last announced its earnings results 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%.

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.