Wishbone Gold Plc (LON:WSBN – Get Free Report)’s stock price dropped 23.1% during trading on Wednesday. The stock traded as low as GBX 11.65 and last traded at GBX 12.11. Approximately 1,260,010 shares changed hands during mid-day trading, an increase of 128% from the average session volume of 553,126 shares. The stock had previously closed at GBX 15.75.
Wishbone Gold Trading Down 23.1%
The company’s 50-day simple moving average is GBX 20.61 and its 200 day simple moving average is GBX 24.30. The stock has a market cap of £4.60 million, a P/E ratio of -302.78 and a beta of 1.58.
Wishbone Gold Company Profile
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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