Wishbone Gold (LON:WSBN) Trading Down 4.2% – Here’s Why

Shares of Wishbone Gold Plc (LON:WSBNGet Free Report) were down 4.2% during mid-day trading on Thursday . The company traded as low as GBX 0.18 ($0.00) and last traded at GBX 0.18 ($0.00). Approximately 2,553,350 shares were traded during trading, a decline of 25% from the average daily volume of 3,382,043 shares. The stock had previously closed at GBX 0.19 ($0.00).

Wishbone Gold Price Performance

The company has a 50 day simple moving average of GBX 0.25 and a 200 day simple moving average of GBX 0.46. The company has a market capitalization of £596,486.80, a price-to-earnings ratio of -67.50 and a beta of 1.30. The company has a quick ratio of 7.15, a current ratio of 0.94 and a debt-to-equity ratio of 0.57.

About Wishbone Gold

(Get Free Report)

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.

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