Wishbone Gold Plc (LON:WSBN – Get Free Report) shot up 17.5% during mid-day trading on Wednesday . The company traded as high as GBX 0.97 and last traded at GBX 0.94. 64,068,848 shares changed hands during mid-day trading, a decline of 41% from the average session volume of 107,933,125 shares. The stock had previously closed at GBX 0.80.
Wishbone Gold Price Performance
The firm’s fifty day moving average is GBX 1.18 and its 200 day moving average is GBX 0.73. The firm has a market capitalization of £26.42 million, a price-to-earnings ratio of -19.95 and a beta of 1.30.
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.
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