Wishbone Gold (LON:WSBN) Trading Down 7.9% – Here’s What Happened

Wishbone Gold Plc (LON:WSBN)’s stock price fell 7.9% during mid-day trading on Thursday . The stock traded as low as GBX 32 and last traded at GBX 32.70. 716,599 shares changed hands during mid-day trading, a decline of 23% from the average session volume of 933,016 shares. The stock had previously closed at GBX 35.50.

Wishbone Gold Stock Performance

The firm has a market capitalization of £10.19 million, a P/E ratio of -7.69 and a beta of 1.20. The company has a 50-day moving average price of GBX 56.40 and a 200-day moving average price of GBX 80.28.

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.