Wishbone Gold (LON:WSBN) Stock Price Up 32.5% – Should You Buy?

Wishbone Gold Plc (LON:WSBN)’s stock price rose 32.5% during mid-day trading on Saturday . The stock traded as high as GBX 0.37 ($0.01) and last traded at GBX 0.31 ($0.00). Approximately 370,979,188 shares were traded during trading, an increase of 451% from the average daily volume of 67,379,922 shares. The stock had previously closed at GBX 0.23 ($0.00).

Wishbone Gold Stock Up 32.5%

The company has a fifty day simple moving average of GBX 0.17 and a 200-day simple moving average of GBX 0.19. The firm has a market cap of £1.70 million, a P/E ratio of -0.94 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.