Wishbone Gold (LON:WSBN) Trading Down 19.1% – Should You Sell?

Wishbone Gold Plc (LON:WSBN)’s share price was down 19.1% on Friday . The company traded as low as GBX 0.95 and last traded at GBX 1. Approximately 250,657,828 shares were traded during mid-day trading, an increase of 128% from the average daily volume of 109,855,438 shares. The stock had previously closed at GBX 1.23.

Wishbone Gold Trading Down 19.1%

The company’s fifty day moving average is GBX 1.29 and its 200-day moving average is GBX 0.67. The firm has a market capitalization of £30.07 million, a P/E ratio of -22.72 and a beta of 1.30.

Wishbone Gold Company Profile

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.