Wishbone Gold (LON:WSBN) Stock Price Up 10.3% – Should You Buy?

Wishbone Gold Plc (LON:WSBN)’s share price shot up 10.3% during mid-day trading on Thursday . The company traded as high as GBX 0.20 ($0.00) and last traded at GBX 0.18 ($0.00). 67,726,523 shares were traded during mid-day trading, an increase of 585% from the average session volume of 9,883,193 shares. The stock had previously closed at GBX 0.17 ($0.00).

Wishbone Gold Stock Up 10.3 %

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 stock has a market cap of £596,486.80, a price-to-earnings ratio of -67.50 and a beta of 1.30. The firm’s 50-day moving average is GBX 0.22 and its 200 day moving average is GBX 0.41.

About Wishbone Gold

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.