Wishbone Gold (LON:WSBN) Trading Up 28.1% – Still a Buy?

Wishbone Gold Plc (LON:WSBNGet Free Report)’s share price shot up 28.1% during mid-day trading on Thursday . The company traded as high as GBX 1.23 and last traded at GBX 1.23. 197,957,734 shares traded hands during mid-day trading, an increase of 81% from the average session volume of 109,113,648 shares. The stock had previously closed at GBX 0.96.

Wishbone Gold Stock Up 28.1%

The firm has a 50 day simple moving average of GBX 1.29 and a 200-day simple moving average of GBX 0.67. The company has a market cap of £37.18 million, a PE ratio of -28.08 and a beta of 1.30.

About Wishbone Gold

(Get Free Report)

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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