Wishbone Gold (LON:WSBN) Stock Price Down 4.2% – Time to Sell?

Wishbone Gold Plc (LON:WSBN) was down 4.2% during 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 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 Price Performance

The firm has a fifty day moving average price of GBX 0.25 and a two-hundred day moving average price of GBX 0.46. The company has a quick ratio of 7.15, a current ratio of 0.94 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of £596,486.80, a P/E ratio of -67.50 and a beta of 1.30.

About Wishbone Gold

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.