Wishbone Gold (LON:WSBN) Shares Cross Below 200-Day Moving Average – Here’s What Happened

Wishbone Gold Plc (LON:WSBN) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 0.71 ($0.01) and traded as low as GBX 0.30 ($0.00). Wishbone Gold shares last traded at GBX 0.31 ($0.00), with a volume of 27,926,694 shares traded.

Wishbone Gold Stock Performance

The company’s 50-day simple moving average is GBX 0.38 and its 200-day simple moving average is GBX 0.71. The stock has a market capitalization of £999,607.00, a price-to-earnings ratio of -67.50 and a beta of 1.30. The company has a current ratio of 0.94, a quick ratio of 7.15 and a debt-to-equity ratio of 0.57.

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.