Wishbone Gold (LON:WSBN) Hits New 52-Week Low – What’s Next?

Wishbone Gold Plc (LON:WSBN)’s share price hit a new 52-week low during trading on Friday. The stock traded as low as GBX 18 and last traded at GBX 18.50, with a volume of 262087 shares. The stock had previously closed at GBX 19.

Wishbone Gold Stock Performance

The stock’s fifty day simple moving average is GBX 21.77 and its two-hundred day simple moving average is GBX 25.37. The company has a market capitalization of £7.02 million, a price-to-earnings ratio of -462.50 and a beta of 1.58.

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

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.