Wishbone Gold Plc (LON:WSBN – Get Free Report) shares dropped 19.1% on Saturday . The company traded as low as GBX 0.95 and last traded at GBX 1. Approximately 250,657,828 shares changed hands during trading, an increase of 128% from the average daily volume of 109,855,438 shares. The stock had previously closed at GBX 1.23.
Wishbone Gold Stock Down 19.1%
The firm has a market capitalization of £30.07 million, a price-to-earnings ratio of -22.72 and a beta of 1.30. The company has a 50-day moving average price of GBX 1.28 and a 200-day moving average price of GBX 0.68.
About Wishbone Gold
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.
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