Wishbone Gold (LON:WSBN) Shares Up 21.8% – Still a Buy?

Wishbone Gold Plc (LON:WSBN) shares rose 21.8% during trading on Tuesday . The stock traded as high as GBX 0.18 ($0.00) and last traded at GBX 0.17 ($0.00). Approximately 249,641,672 shares changed hands during trading, an increase of 441% from the average daily volume of 46,157,727 shares. The stock had previously closed at GBX 0.14 ($0.00).

Wishbone Gold Stock Performance

The company has a 50-day moving average price of GBX 0.15 and a 200-day moving average price of GBX 0.25. The company has a market capitalization of £949,320.10, a price-to-earnings ratio of -0.53 and a beta of 1.30.

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.