Wishbone Gold (LON:WSBN) Sets New 12-Month Low – Here’s Why

Wishbone Gold Plc (LON:WSBN) reached a new 52-week low on Monday . The company traded as low as GBX 23 and last traded at GBX 23.50, with a volume of 167039 shares traded. The stock had previously closed at GBX 24.

Wishbone Gold Price Performance

The firm has a 50-day moving average of GBX 27.46 and a 200-day moving average of GBX 49.40. The stock has a market cap of £8.92 million, a PE ratio of -5.37 and a beta of 1.57.

Wishbone Gold Company Profile

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.