Wishbone Gold (LON:WSBN) Trading Down 10.7% – Time to Sell?

Wishbone Gold Plc (LON:WSBN)’s share price fell 10.7% during trading on Thursday . The company traded as low as GBX 75 and last traded at GBX 75. 864,579 shares changed hands during mid-day trading, a decline of 40% from the average session volume of 1,436,185 shares. The stock had previously closed at GBX 84.

Wishbone Gold Stock Performance

The firm has a market cap of £22.67 million, a PE ratio of -17.12 and a beta of 1.30. The stock has a fifty day moving average price of GBX 72.84 and a 200-day moving average price of GBX 90.44.

Wishbone Gold (LON:WSBN) last posted its quarterly earnings results on Tuesday, November 25th. The company reported GBX (28) EPS 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. Red Setter is a Havieron style gold prospect. Cottlesloe, 35km south east of Red Setter, has deposits visible at surface of silver and lead: metals which are essential for battery and electric car production.

In Queensland the Wishbone II project has almost doubled recently with the addition of Wishbone VI.