Wishbone Gold (LON:WSBN) Trading Up 13.9% – Time to Buy?

Wishbone Gold Plc (LON:WSBN) shares were up 13.9% during mid-day trading on Wednesday . The stock traded as high as GBX 0.20 ($0.00) and last traded at GBX 0.19 ($0.00). Approximately 75,818,891 shares were traded during mid-day trading, an increase of 627% from the average daily volume of 10,422,685 shares. The stock had previously closed at GBX 0.17 ($0.00).

Wishbone Gold Stock Performance

The company has a quick ratio of 7.15, a current ratio of 0.94 and a debt-to-equity ratio of 0.57. The company has a market capitalization of £594,848.10, a P/E ratio of -67.50 and a beta of 1.30. The business has a fifty day moving average price of GBX 0.22 and a 200 day moving average price of GBX 0.41.

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.