Wishbone Gold Plc (LON:WSBN – Get Free Report) dropped 16.7% on Tuesday. The stock traded as low as GBX 9 and last traded at GBX 9.37. Approximately 5,706,871 shares traded hands during trading, an increase of 876% from the average session volume of 584,580 shares. The stock had previously closed at GBX 11.25.
Wishbone Gold Stock Performance
The firm has a market cap of £3.60 million, a price-to-earnings ratio of -237.25 and a beta of 1.58. The business has a fifty day moving average of GBX 19.70 and a two-hundred day moving average of GBX 36.08.
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.
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