Wishbone Gold (LON:WSBN) Trading Up 9.5% – Still a Buy?

Wishbone Gold Plc (LON:WSBN)’s stock price traded up 9.5% during mid-day trading on Thursday . The company traded as high as GBX 0.12 ($0.00) and last traded at GBX 0.12 ($0.00). 70,710,500 shares traded hands during trading, an increase of 217% from the average session volume of 22,272,287 shares. The stock had previously closed at GBX 0.11 ($0.00).

Wishbone Gold Stock Performance

The business’s 50 day simple moving average is GBX 0.18 and its 200-day simple moving average is GBX 0.31. The company has a market cap of £631,050.94, a price-to-earnings ratio of -0.35 and a beta of 1.30.

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.