Wishbone Gold Plc (LON:WSBN – Get Free Report)’s share price was up 9.3% during mid-day trading on Friday . The stock traded as high as GBX 31 and last traded at GBX 30.07. Approximately 278,253 shares were traded during mid-day trading, a decline of 70% from the average daily volume of 937,490 shares. The stock had previously closed at GBX 27.50.
Wishbone Gold Price Performance
The firm’s 50 day moving average is GBX 70.95 and its 200 day moving average is GBX 91.32. The company has a market capitalization of £9.09 million, a PE ratio of -6.86 and a beta of 1.20.
About Wishbone Gold
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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