Shares of Wishbone Gold Plc (LON:WSBN – Get Free Report) rose 9.6% during trading on Wednesday. The company traded as high as GBX 10.50 and last traded at GBX 10.14. Approximately 2,205,626 shares changed hands during mid-day trading, an increase of 280% from the average session volume of 580,800 shares. The stock had previously closed at GBX 9.25.
Wishbone Gold Trading Up 9.7%
The stock’s fifty day moving average price is GBX 19.46 and its 200 day moving average price is GBX 35.65. The stock has a market cap of £3.85 million, a P/E ratio of -253.60 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.
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