Wishbone Gold (LON:WSBN) Sets New 52-Week Low – Here’s Why

Wishbone Gold Plc (LON:WSBN)’s stock price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 20.81 and last traded at GBX 21.02, with a volume of 522857 shares. The stock had previously closed at GBX 21.75.

Wishbone Gold Stock Down 3.3%

The company has a market capitalization of £7.98 million, a price-to-earnings ratio of -525.62 and a beta of 1.58. The business’s 50-day moving average is GBX 22.53 and its 200-day moving average is GBX 30.63.

Wishbone Gold (LON:WSBN) last issued its quarterly earnings data on Tuesday, June 30th. The company reported GBX (0.04) earnings per share 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.