Wishbone Gold (LON:WSBN) Hits New 1-Year Low – Should You Sell?

Wishbone Gold Plc (LON:WSBN) hit a new 52-week low on Tuesday . The stock traded as low as GBX 23 and last traded at GBX 23.30, with a volume of 248393 shares changing hands. The stock had previously closed at GBX 23.25.

Wishbone Gold Trading Up 0.2%

The stock’s 50-day moving average price is GBX 25.93 and its 200-day moving average price is GBX 47.04. The company has a market cap of £8.85 million, a P/E ratio of -5.32 and a beta of 1.66.

Wishbone Gold (LON:WSBN) last issued its earnings results on Tuesday, June 30th. The company reported GBX (0.04) EPS for the quarter. Wishbone Gold had a negative net margin of 685.01% and a negative return on equity of 12.39%.

About Wishbone Gold

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.