Wishbone Gold (LON:WSBN) Reaches New 52-Week Low – Here’s What Happened

Wishbone Gold Plc (LON:WSBN) reached a new 52-week low during mid-day trading on Thursday. The company traded as low as GBX 8.50 and last traded at GBX 8.72, with a volume of 586,386 shares. The stock had previously closed at GBX 9.02.

Wishbone Gold Stock Down 3.2%

The company’s 50 day moving average price is GBX 16.66 and its 200 day moving average price is GBX 31.66. The firm has a market capitalization of £3.31 million, a price-to-earnings ratio of -6.31 and a beta of 1.58.

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.