Wishbone Gold (LON:WSBN) Trading Down 8.5% – Time to Sell?

by · The Cerbat Gem

Wishbone Gold Plc (LON:WSBN – Get Free Report) dropped 8.5% on Wednesday . The company traded as low as GBX 0.12 ($0.00) and last traded at GBX 0.13 ($0.00). Approximately 134,682,766 shares traded hands during trading, an increase of 276% from the average daily volume of 35,780,512 shares. The stock had previously closed at GBX 0.14 ($0.00).

Wishbone Gold Trading Up 4.0 %

The company’s 50-day moving average price is GBX 0.15 and its two-hundred day moving average price is GBX 0.26. The company has a market cap of £713,361.93, a P/E ratio of -0.40 and a beta of 1.30.

About Wishbone Gold

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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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