Wishbone Gold Plc (LON:WSBN – Get Free Report) shares dropped 14.3% during trading on Saturday . The stock traded as low as GBX 1.15 ($0.02) and last traded at GBX 1.20 ($0.02). Approximately 172,878,875 shares traded hands during trading, an increase of 52% from the average daily volume of 113,605,016 shares. The stock had previously closed at GBX 1.40 ($0.02).
Wishbone Gold Stock Performance
The company’s 50 day moving average price is GBX 1.23 and its 200 day moving average price is GBX 0.57. The company has a market cap of £36.27 million, a price-to-earnings ratio of -436.36 and a beta of 1.30.
About Wishbone Gold
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.
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