Wishbone Gold (LON:WSBN) Share Price Passes Below 200 Day Moving Average – Here’s Why
by Danessa Lincoln · The Markets DailyWishbone Gold Plc (LON:WSBN – Get Free Report) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 90.24 and traded as low as GBX 62. Wishbone Gold shares last traded at GBX 67.70, with a volume of 2,287,898 shares trading hands.
Wishbone Gold Stock Up 12.0%
The firm has a market capitalization of £25.39 million, a PE ratio of -19.18 and a beta of 1.30. The company’s 50-day simple moving average is GBX 72.84 and its 200 day simple moving average is GBX 90.44.
Wishbone Gold (LON:WSBN – Get Free Report) last posted its quarterly earnings data on Tuesday, November 25th. The company reported GBX (28) EPS 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.