Wishbone Gold (LON:WSBN) Shares Down 5.3% – Time to Sell?

Shares of Wishbone Gold Plc (LON:WSBN) traded down 5.3% during mid-day trading on Thursday . The stock traded as low as GBX 0.18 ($0.00) and last traded at GBX 0.18 ($0.00). 2,453,350 shares traded hands during mid-day trading, a decline of 27% from the average session volume of 3,365,376 shares. The stock had previously closed at GBX 0.19 ($0.00).

Wishbone Gold Stock Performance

The business’s 50-day simple moving average is GBX 0.25 and its 200 day simple moving average is GBX 0.46. The firm has a market cap of £589,932.00, a P/E ratio of -67.50 and a beta of 1.30. The company has a debt-to-equity ratio of 0.57, a quick ratio of 7.15 and a current ratio of 0.94.

Wishbone Gold Company Profile

Wishbone Gold Plc, together with its subsidiaries, engages in gold production and trading activities in Australia. It explores for gold, silver, copper, lead, and other metals. The company's projects include the Red Setter and Cottesloe projects located in the Patersons Range region of Western Australia; and the White Mountain project located in Queensland.