Wishbone Gold (LON:WSBN) Shares Down 4.2% – Here’s What Happened

Wishbone Gold Plc (LON:WSBN)’s stock price dropped 4.2% 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 traded hands during mid-day 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 Stock Down 4.2 %

The company has a current ratio of 0.94, a quick ratio of 7.15 and a debt-to-equity ratio of 0.57. The firm’s 50 day simple moving average is GBX 0.25 and its 200-day simple moving average is 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.

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.