Wishbone Gold (LON:WSBN) Trading 12% Higher – Time to Buy?

Shares of Wishbone Gold Plc (LON:WSBNGet Free Report) shot up 12% during mid-day trading on Wednesday . The stock traded as high as GBX 72 and last traded at GBX 71.66. 674,874 shares were traded during trading, a decline of 36% from the average session volume of 1,053,351 shares. The stock had previously closed at GBX 64.

Wishbone Gold Trading Up 12.5%

The stock has a 50-day moving average price of GBX 109.53 and a 200 day moving average price of GBX 76.58. The stock has a market capitalization of £2.18 billion, a price-to-earnings ratio of -1,643.84 and a beta of 1.30.

Wishbone Gold (LON:WSBNGet Free Report) last issued its quarterly earnings results on Tuesday, November 25th. The company reported GBX (28) earnings per share (EPS) for the quarter.

About Wishbone Gold

(Get Free Report)

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.

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