Wishbone Gold Plc (LON:WSBN – Get Free Report) shares reached a new 52-week low during trading on Monday. The stock traded as low as GBX 16.50 and last traded at GBX 16.94, with a volume of 171,758 shares traded. The stock had previously closed at GBX 16.50.
Wishbone Gold Stock Performance
The business has a 50 day moving average of GBX 20.61 and a two-hundred day moving average of GBX 24.30. The stock has a market capitalization of £5.32 million, a PE ratio of -350.00 and a beta of 1.58.
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. 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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