Wishbone Gold (LON:WSBN) Shares Down 11.1% – Should You Sell?

Shares of Wishbone Gold Plc (LON:WSBN) dropped 11.1% on Monday . The company traded as low as GBX 1.50 ($0.02) and last traded at GBX 1.56 ($0.02). Approximately 108,084,305 shares changed hands during mid-day trading, a decline of 6% from the average daily volume of 114,582,867 shares. The stock had previously closed at GBX 1.75 ($0.02).

Wishbone Gold Stock Down 16.6%

The business has a fifty day simple moving average of GBX 0.98 and a two-hundred day simple moving average of GBX 0.46. The company has a market cap of £37.89 million, a P/E ratio of -530.91 and a beta of 1.30.

Wishbone Gold (LON:WSBN) last posted its earnings results on Monday, June 30th. The company reported GBX (0.28) earnings per share for the quarter.

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.