Wishbone Gold (LON:WSBN) Stock Price Crosses Below 200-Day Moving Average – Time to Sell?

Wishbone Gold Plc (LON:WSBNGet Free Report)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 95.34 and traded as low as GBX 68. Wishbone Gold shares last traded at GBX 70.40, with a volume of 140,319 shares trading hands.

Wishbone Gold Stock Performance

The firm has a market capitalization of £20.72 million, a P/E ratio of -15.65 and a beta of 1.30. The business has a fifty day moving average of GBX 75.90 and a 200-day moving average of GBX 95.34.

Wishbone Gold (LON:WSBNGet Free Report) last issued its earnings results on Tuesday, November 25th. The company reported GBX (28) earnings per share for the quarter.

About Wishbone Gold

(Get Free Report)

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.

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