Wishbone Gold (LON:WSBN) Stock Price Up 17.1% – Still a Buy?

Wishbone Gold Plc (LON:WSBN) traded up 17.1% during mid-day trading on Thursday . The stock traded as high as GBX 72 and last traded at GBX 72. 815,684 shares changed hands during trading, an increase of 3% from the average session volume of 793,760 shares. The stock had previously closed at GBX 61.50.

Wishbone Gold Stock Performance

The stock has a market capitalization of £21.49 million, a PE ratio of -16.24 and a beta of 1.30. The business has a 50 day moving average of GBX 76.44 and a two-hundred day moving average of GBX 96.36.

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.