Wishbone Gold (LON:WSBN) Sets New 52-Week Low – Here’s Why

Wishbone Gold Plc (LON:WSBN) shares hit a new 52-week low during trading on Wednesday . The company traded as low as GBX 21 and last traded at GBX 21.85, with a volume of 259541 shares changing hands. The stock had previously closed at GBX 22.

Wishbone Gold Price Performance

The company has a fifty day moving average price of GBX 24.10 and a two-hundred day moving average price of GBX 40.58. The company has a market capitalization of £8.30 million, a P/E ratio of -4.99 and a beta of 1.66.

Wishbone Gold (LON:WSBN) last posted its earnings results on Tuesday, June 30th. The company reported GBX (0.04) earnings per share for the quarter. Wishbone Gold had a negative return on equity of 12.39% and a negative net margin of 685.01%.

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.