Wishbone Gold (LON:WSBN) Stock Price Up 19.6% – Time to Buy?

Wishbone Gold Plc (LON:WSBN) shares shot up 19.6% during mid-day trading on Monday . The stock traded as high as GBX 0.14 ($0.00) and last traded at GBX 0.12 ($0.00). 66,228,250 shares changed hands during trading, an increase of 131% from the average session volume of 28,697,543 shares. The stock had previously closed at GBX 0.10 ($0.00).

Wishbone Gold Stock Performance

The business’s fifty day moving average price is GBX 0.16 and its 200-day moving average price is GBX 0.27. The stock has a market cap of £669,462.73, a PE ratio of -0.37 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.