Wishbone Gold (LON:WSBN) Stock Price Down 5% – Should You Sell?

Wishbone Gold Plc (LON:WSBN) shares were down 5% during mid-day trading on Wednesday . The stock traded as low as GBX 56 and last traded at GBX 58.40. Approximately 376,260 shares were traded during trading, a decline of 65% from the average daily volume of 1,059,964 shares. The stock had previously closed at GBX 61.50.

Wishbone Gold Trading Down 5.0%

The company’s 50 day simple moving average is GBX 85.91 and its 200 day simple moving average is GBX 82.56. The stock has a market capitalization of £17.65 million, a PE ratio of -13.33 and a beta of 1.30.

Wishbone Gold (LON:WSBN) last issued its quarterly earnings results on Tuesday, November 25th. The company reported GBX (28) earnings per share for the quarter.

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. 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.