Wishbone Gold (LON:WSBN) Trading Up 10.3% – Should You Buy?

Wishbone Gold Plc (LON:WSBN)’s share price shot up 10.3% during mid-day trading on Wednesday . The stock traded as high as GBX 0.20 ($0.00) and last traded at GBX 0.18 ($0.00). 67,726,523 shares traded hands during trading, an increase of 585% from the average session volume of 9,883,193 shares. The stock had previously closed at GBX 0.17 ($0.00).

Wishbone Gold Trading Up 10.3 %

The business’s 50-day simple moving average is GBX 0.22 and its two-hundred day simple moving average is GBX 0.41. The firm has a market capitalization of £596,486.80, a price-to-earnings ratio of -67.50 and a beta of 1.30. The company has a quick ratio of 7.15, a current ratio of 0.94 and a debt-to-equity ratio of 0.57.

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.