Wishbone Gold Plc (LON:WSBN – Get Free Report) traded down 16.7% on Tuesday. The company traded as low as GBX 9 and last traded at GBX 9.37. 5,706,871 shares traded hands during trading, an increase of 876% from the average daily volume of 584,580 shares. The stock had previously closed at GBX 11.25.
Wishbone Gold Stock Down 15.6%
The company’s 50-day moving average price is GBX 19.70 and its 200-day moving average price is GBX 36.08. The firm has a market cap of £3.60 million, a price-to-earnings ratio of -237.25 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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