Wishbone Gold (LON:WSBN) Hits New 52-Week Low – Time to Sell?

Wishbone Gold Plc (LON:WSBN)’s stock price reached a new 52-week low during trading on Tuesday . The company traded as low as GBX 23 and last traded at GBX 23.30, with a volume of 248393 shares trading hands. The stock had previously closed at GBX 23.25.

Wishbone Gold Stock Performance

The stock has a market cap of £8.82 million, a PE ratio of -5.30 and a beta of 1.66. The company has a 50 day moving average of GBX 25.74 and a two-hundred day moving average of GBX 46.54.

Wishbone Gold (LON:WSBN) last issued its quarterly earnings results on Tuesday, June 30th. The company reported GBX (0.04) earnings per share (EPS) for the quarter. Wishbone Gold had a negative return on equity of 12.39% and a negative net margin of 685.01%.

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.