Wishbone Gold (LON:WSBN) Stock Price Passes Below Two Hundred Day Moving Average – What’s Next?

Wishbone Gold Plc (LON:WSBN)’s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 91.51 and traded as low as GBX 77. Wishbone Gold shares last traded at GBX 79.30, with a volume of 524,934 shares traded.

Wishbone Gold Price Performance

The firm has a market capitalization of £23.97 million, a price-to-earnings ratio of -18.11 and a beta of 1.30. The firm has a 50 day moving average price of GBX 72.06 and a 200-day moving average price of GBX 91.51.

Wishbone Gold (LON:WSBN) last issued its quarterly earnings results on Tuesday, November 25th. The company reported GBX (28) earnings per share for the quarter.

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. 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.