Wishbone Gold (LON:WSBN) Stock Price Up 11.1% – Time to Buy?

Shares of Wishbone Gold Plc (LON:WSBNGet Free Report) rose 11.1% during mid-day trading on Thursday . The company traded as high as GBX 1.28 ($0.02) and last traded at GBX 1.05 ($0.01). Approximately 207,554,375 shares changed hands during trading, an increase of 100% from the average daily volume of 103,985,023 shares. The stock had previously closed at GBX 0.95 ($0.01).

Wishbone Gold Price Performance

The stock has a 50-day simple moving average of GBX 0.41 and a 200-day simple moving average of GBX 0.24. The stock has a market cap of £6.02 million, a PE ratio of -3.34 and a beta of 1.30.

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

Wishbone Gold Company Profile

(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.

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