Wishbone Gold (LON:WSBN) Trading Up 15.4% – Here’s Why

Wishbone Gold Plc (LON:WSBN)’s stock price traded up 15.4% on Tuesday . The company traded as high as GBX 30 and last traded at GBX 30. 812,373 shares changed hands during trading, a decline of 9% from the average session volume of 896,485 shares. The stock had previously closed at GBX 26.

Wishbone Gold Stock Performance

The business’s fifty day moving average price is GBX 58.41 and its 200-day moving average price is GBX 81.33. The stock has a market cap of £9.07 million, a PE ratio of -6.85 and a beta of 1.20.

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.