Wishbone Gold (LON:WSBN) Stock Price Up 17.5% – Still a Buy?

Wishbone Gold Plc (LON:WSBNGet Free Report) shares were up 17.5% during mid-day trading on Wednesday . The company traded as high as GBX 0.97 and last traded at GBX 0.94. Approximately 64,068,848 shares changed hands during trading, a decline of 41% from the average daily volume of 107,933,125 shares. The stock had previously closed at GBX 0.80.

Wishbone Gold Trading Up 17.5%

The company’s 50 day moving average is GBX 1.21 and its 200-day moving average is GBX 0.72. The stock has a market cap of £28.41 million, a PE ratio of -21.46 and a beta of 1.30.

About Wishbone Gold

(Get Free Report)

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.

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