Wishbone Gold (LON:WSBN) Sets New 1-Year Low – Here’s What Happened

Wishbone Gold Plc (LON:WSBN) reached a new 52-week low on Tuesday. The stock traded as low as GBX 17.50 and last traded at GBX 18, with a volume of 605,544 shares trading hands. The stock had previously closed at GBX 18.75.

Wishbone Gold Trading Down 4.0%

The firm has a 50 day moving average price of GBX 21.21 and a 200 day moving average price of GBX 24.72. The stock has a market capitalization of £6.83 million, a PE ratio of -450.00 and a beta of 1.58.

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.