Wishbone Gold (LON:WSBN) Shares Down 10.7% – Should You Sell?

Wishbone Gold Plc (LON:WSBN)’s share price traded down 10.7% on Thursday . The stock traded as low as GBX 75 and last traded at GBX 75. 864,579 shares were traded during mid-day trading, a decline of 40% from the average session volume of 1,436,185 shares. The stock had previously closed at GBX 84.

Wishbone Gold Price Performance

The firm has a market capitalization of £24.18 million, a PE ratio of -18.27 and a beta of 1.30. The business’s 50 day moving average is GBX 72.50 and its two-hundred day moving average is GBX 90.65.

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

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.