Wishbone Gold (LON:WSBN) Trading Down 8.6% – Here’s What Happened

Wishbone Gold Plc (LON:WSBN) shares fell 8.6% during mid-day trading on Monday . The stock traded as low as GBX 82 and last traded at GBX 86.79. 751,367 shares changed hands during mid-day trading, a decline of 50% from the average session volume of 1,492,245 shares. The stock had previously closed at GBX 95.

Wishbone Gold Price Performance

The stock has a 50 day moving average price of GBX 76.68 and a two-hundred day moving average price of GBX 88.31. The company has a market capitalization of £26.23 million, a price-to-earnings ratio of -19.82 and a beta of 1.30.

Wishbone Gold (LON:WSBN) last issued its quarterly earnings data on Tuesday, November 25th. The company reported GBX (28) EPS for the quarter.

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.