Wishbone Gold (LON:WSBN) Shares Pass Below 200 Day Moving Average – Here’s What Happened

Wishbone Gold Plc (LON:WSBNGet Free Report)’s share price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 34.65 and traded as low as GBX 22.50. Wishbone Gold shares last traded at GBX 23, with a volume of 1,027,080 shares changing hands.

Wishbone Gold Price Performance

The stock has a market cap of £8.63 million, a price-to-earnings ratio of -567.88 and a beta of 1.66. The firm’s 50-day moving average is GBX 22.87 and its 200 day moving average is GBX 34.29.

Wishbone Gold (LON:WSBNGet Free Report) last announced its quarterly earnings results on Tuesday, June 30th. The company reported GBX (0.04) earnings per share for the quarter. Wishbone Gold had a negative net margin of 685.01% and a negative return on equity of 12.39%.

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. 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.

Further Reading

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