Wishbone Gold (WSBN) Stock Overview

Engages in gold trading activities in Australia. More details

WSBN fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	0/6
Past Performance	0/6
Financial Health	6/6
Dividends	0/6

Risk Analysis

Highly volatile share price over the past 3 months compared to the UK market

Earnings have declined by 6.5% per year over past 5 years

Makes less than USD$1m in revenue (£506K)

Shareholders have been substantially diluted in the past year

+ 1 more risk

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Wishbone Gold Plc Competitors

Price History & Performance

Summary of share price highs, lows and changes for Wishbone Gold
Historical stock prices
Current Share Price	UK£0.23
52 Week High	UK£2.30
52 Week Low	UK£0.23
Beta	1.56
1 Month Change	-11.43%
3 Month Change	-10.58%
1 Year Change	-35.42%
3 Year Change	-85.00%
5 Year Change	-98.08%
Change since IPO	-99.90%

Recent updates

Analysis Article • Oct 22

Wishbone Gold (LON:WSBN) Is In A Good Position To Deliver On Growth Plans

We can readily understand why investors are attracted to unprofitable companies. For example, although...

Analysis Article • Jul 08

We're Hopeful That Wishbone Gold (LON:WSBN) Will Use Its Cash Wisely

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...

Analysis Article • Jul 04

We're Hopeful That Wishbone Gold (LON:WSBN) Will Use Its Cash Wisely

We can readily understand why investors are attracted to unprofitable companies. By way of example, Wishbone Gold...

Shareholder Returns

	WSBN	GB Metals and Mining	GB Market
7D	-2.1%	-0.03%	1.6%
1Y	-35.4%	72.7%	19.7%

Return vs Industry: WSBN underperformed the UK Metals and Mining industry which returned 72.7% over the past year.

Return vs Market: WSBN underperformed the UK Market which returned 19.7% over the past year.

Price Volatility

Is WSBN's price volatile compared to industry and market?
WSBN volatility
WSBN Average Weekly Movement	12.6%
Metals and Mining Industry Average Movement	7.9%
Market Average Movement	5.3%
10% most volatile stocks in GB Market	10.8%
10% least volatile stocks in GB Market	2.9%

Stable Share Price: WSBN's share price has been volatile over the past 3 months compared to the UK market.

Volatility Over Time: WSBN's weekly volatility has decreased from 29% to 13% over the past year, but is still higher than 75% of UK stocks.

About the Company

Founded	Employees	CEO	Website
2009	n/a	Richard Poulden	www.wishbonegold.com

Wishbone Gold Plc, together with its subsidiaries, engages in gold trading activities in Australia. It explores for gold, silver, copper, lead, and other metals. The company’s flagship project is Red Setter located in the Patersons Range region of Western Australia.

Wishbone Gold Plc Fundamentals Summary

How do Wishbone Gold's earnings and revenue compare to its market cap?
WSBN fundamental statistics
Market cap	UK£8.00m
Earnings (TTM)	-UK£1.21m
Revenue (TTM)	UK£506.09k

15.8x

P/S Ratio

-6.6x

P/E Ratio

Is WSBN overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
WSBN income statement (TTM)
Revenue	UK£506.09k
Cost of Revenue	UK£0
Gross Profit	UK£506.09k
Other Expenses	UK£1.71m
Earnings	-UK£1.21m

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

n/a

Earnings per share (EPS)	-0.035
Gross Margin	100.00%
Net Profit Margin	-238.62%
Debt/Equity Ratio	0%

How did WSBN perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/07/05 02:51
End of Day Share Price	2026/07/03 00:00
Earnings	2025/12/31
Annual Earnings	2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Wishbone Gold Plc is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Wishbone Gold (WSBN) Stock Overview

Risk Analysis

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Wishbone Gold Plc Competitors

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Price History & Performance

Recent News & Updates

Wishbone Gold Plc Reports Highly Positive Gold Assays From Shallow Reverse Circulation Drilling At Red Setter

Wishbone Gold plc Provides Update on Red Setter Gold-Copper Project Drilling Programme

New minor risk - Financial data availability

Wishbone Gold Plc has completed a Follow-on Equity Offering in the amount of £1.1 million.

Wishbone Gold plc Mobilises Drill Rig to Red Setter Project

Wishbone Gold Plc Confirms Gold-Copper Mineralisation At Red Setter and Plans 9,000 Metre Drill Programme

Recent updates

Wishbone Gold Plc Reports Highly Positive Gold Assays From Shallow Reverse Circulation Drilling At Red Setter

Wishbone Gold plc Provides Update on Red Setter Gold-Copper Project Drilling Programme

New minor risk - Financial data availability

Wishbone Gold Plc has completed a Follow-on Equity Offering in the amount of £1.1 million.

Wishbone Gold plc Mobilises Drill Rig to Red Setter Project

Wishbone Gold Plc Confirms Gold-Copper Mineralisation At Red Setter and Plans 9,000 Metre Drill Programme

Wishbone Gold Plc, Annual General Meeting, Nov 28, 2025

Wishbone Gold plc Provides Update on Activities At the Red Setter Gold Dome Project

Wishbone Gold plc Announces Expansion of Drill Program at Red Setter Gold Dome Project in Western Australia

Wishbone Gold Plc has completed a Follow-on Equity Offering in the amount of £4 million.

Wishbone Gold plc Announces Drilling At the Company's Red Setter Gold Dome Project

Wishbone Gold Plc has completed a Follow-on Equity Offering in the amount of £1.5 million.

Wishbone Gold plc Announces Drilling At the Company's Red Setter Gold Dome Project

Wishbone Gold plc Announces Drilling Update At Red Setter Gold Dome Project Western Australia

Wishbone Gold plc Announces New Tenement Applications in Western Australia

Wishbone Gold Plc has completed a Follow-on Equity Offering in the amount of £1.75 million.

Insufficient new directors

Wishbone Gold Plc has completed a Follow-on Equity Offering in the amount of £1.75 million.

Wishbone Gold plc Provides Drilling Update on Red Setter Gold Dome

Wishbone Gold plc Reports Extensive Geological Review of the Prospective Tenements At Its Crescent Gold Project in the Mosquito Creek Region of Western Australia

Wishbone Gold Plc announced that it has received funding from Hot Rocks Investments plc

Wishbone Gold Plc has completed a Follow-on Equity Offering in the amount of £0.7 million.

Evrensel Global Natural Resources Ltd cancelled the acquisition of Wishbone Gold Plc (AIM:WSBN) in a reverse merger transaction.

Evrensel Global Natural Resources Ltd signed non-binding heads of terms to acquire Wishbone Gold Plc (AIM:WSBN).

Wishbone Gold Plc has completed a Follow-on Equity Offering in the amount of £0.25 million.

Wishbone Gold Plc Appoints Kaiyi (‘Jack’) Sun as Finance Director

Wishbone Gold Plc Appoints Anthony Moore as the Chairman

New major risk - Shareholder dilution

New major risk - Revenue and earnings growth

Wishbone Gold Plc, Annual General Meeting, Aug 28, 2024

New minor risk - Financial data availability

Insufficient new directors

Wishbone Gold Plc has completed a Follow-on Equity Offering in the amount of £0.3 million.

New major risk - Shareholder dilution

Wishbone Gold plc Announces an Update Regarding the Current Diamond Drill Program At Its Cottesloe Project Located in the Paterson Range in Western Australia

Wishbone Gold plc Announces Mineralization over 3Km Strike At Red Setter

Wishbone Gold plc Announces Michael Mainelli Take A Sabbatical from His Position as A Director

Wishbone Gold plc Announces Drilling Update for Red Setter and Cottesloe

New major risk - Financial position

Wishbone Gold plc Announces Drilling Underway at Red Setter

Wishbone Gold Plc Announces Update on Findings of First Phase of Drilling Program Comprising Five Reverse Circulation Holes at Cottesloe

Wishbone Gold plc Announces Drill Rigs Mobilised At Cottesloe Then Red Setter

New major risk - Share price stability

Wishbone Gold plc Announces the Completion of Its Gravity Survey in the Cottesloe Project Area

Wishbone Gold Plc (AIM:WSBN) acquired 100% of tenement application E45/ 6456 (Cottesloe East) covering 19 blocks (62km) in the Paterson Range, Western Australia for AUD 0.05 million.

Wishbone Gold Plc, Annual General Meeting, Jan 10, 2023

Wishbone Gold (LON:WSBN) Is In A Good Position To Deliver On Growth Plans

We're Hopeful That Wishbone Gold (LON:WSBN) Will Use Its Cash Wisely

Wishbone Gold plc Announces Updates on the 100% Owned Cottesloe and Red Setter Projects

We're Hopeful That Wishbone Gold (LON:WSBN) Will Use Its Cash Wisely

Full year 2020 earnings released: US$0.031 loss per share (vs US$0.077 loss in FY 2019)

Wishbone Gold plc Provides Red Setter Aerial Magnetic Survey Update

Wishbone Gold plc Contracts Detailed and Close Spaced High Resolution Aerial Magnetic and Radiometric Survey on Its Red Setter Project, in the Paterson Ranges in Western Australia

Wishbone Gold Plc Applies New Tenement Application in Queensland, Australia

Wishbone Gold plc Announces Exploration Plans for the Red Setter Project in the Patersons Ranges in Western Australia

First half earnings released

Full year earnings released - UK£0.077 loss per share

Wishbone Gold Plc has completed a Follow-on Equity Offering in the amount of £0.4 million.

Shareholder Returns

Price Volatility

About the Company

Wishbone Gold Plc Fundamentals Summary

Earnings & Revenue