Wishbone Gold (LON:WSBN) Trading Up 12.5% – Here’s Why

Wishbone Gold Plc (LON:WSBN)’s share price rose 12.5% during trading on Wednesday . The stock traded as high as GBX 0.27 ($0.00) and last traded at GBX 0.23 ($0.00). Approximately 138,258,859 shares were traded during trading, an increase of 157% from the average daily volume of 53,747,285 shares. The stock had previously closed at GBX 0.20 ($0.00).

Wishbone Gold Trading Down 8.7 %

The company’s 50-day moving average price is GBX 0.15 and its two-hundred day moving average price is GBX 0.23. The company has a market cap of £1.15 million, a P/E ratio of -0.64 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.