Wishbone Gold Plc (LON:WSBN – Get Free Report) shares rose 15.4% on Tuesday . The stock traded as high as GBX 30 and last traded at GBX 30. Approximately 812,373 shares changed hands during mid-day trading, a decline of 9% from the average daily volume of 896,485 shares. The stock had previously closed at GBX 26.
Wishbone Gold Price Performance
The firm’s 50-day moving average is GBX 58.41 and its two-hundred day moving average is GBX 81.33. The company has a market cap of £9.07 million, a P/E ratio of -6.85 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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