Wishbone Gold Plc (LON:WSBN – Get Free Report) shares rose 9.6% during mid-day trading on Wednesday. The stock traded as high as GBX 10.50 and last traded at GBX 10.14. Approximately 2,205,626 shares were traded during mid-day trading, an increase of 280% from the average session volume of 580,800 shares. The stock had previously closed at GBX 9.25.
Wishbone Gold Stock Performance
The company has a 50-day simple moving average of GBX 19.02 and a 200-day simple moving average of GBX 34.76. The company has a market cap of £3.73 million, a price-to-earnings ratio of -245.85 and a beta of 1.58.
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.
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