Wishbone Gold (LON:WSBN) Shares Up 10.3% – Still a Buy?

Shares of Wishbone Gold Plc (LON:WSBN) traded up 10.3% on Wednesday . The company traded as high as GBX 0.20 ($0.00) and last traded at GBX 0.18 ($0.00). 67,726,523 shares traded hands during trading, an increase of 547% from the average session volume of 10,466,451 shares. The stock had previously closed at GBX 0.17 ($0.00).

Wishbone Gold Trading Up 10.3 %

The stock’s 50-day simple moving average is GBX 0.23 and its two-hundred day simple moving average is GBX 0.42. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.94 and a quick ratio of 7.15. The firm has a market capitalization of £596,486.80, a P/E ratio of -67.50 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.