Shares of Wishbone Gold Plc (LON:WSBN – Get Free Report) were down 23.1% on Wednesday. The stock traded as low as GBX 11.65 and last traded at GBX 12.11. 1,260,010 shares changed hands during mid-day trading, an increase of 128% from the average daily volume of 553,126 shares. The stock had previously closed at GBX 15.75.
Wishbone Gold Trading Up 1.4%
The stock has a market capitalization of £4.14 million, a PE ratio of -272.50 and a beta of 1.58. The firm has a 50-day moving average price of GBX 20.16 and a 200-day moving average price of GBX 24.09.
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.
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