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Wishbone Gold
(LSE:WSBN)
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Rating:42Neutral
Price Target:
9.50 p
▼(-58.70% Downside)
Action:Reiterated
Date:10/29/26
The score is weighed down primarily by weak financial performance (no revenue, ongoing losses, and rising cash burn) and bearish technicals (price far below key moving averages with negative MACD). Low leverage and a debt-light balance sheet provide some stability, but the negative P/E and lack of dividend support offer limited valuation underpinning.
Positive Factors
Low Leverage
Near-zero debt lowers fixed financial obligations and refinancing exposure, giving Wishbone more flexibility to direct capital toward exploration. This provides a measure of resilience during project development, although it does not offset the company’s current lack of profitability.
Negative Factors
No Operating Revenue
The absence of reported revenue confirms that Wishbone remains dependent on exploration progress and external funding rather than cash generated by producing assets. Without operating scale, the company has limited internal resources to finance development and absorb delays.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
Near-zero debt lowers fixed financial obligations and refinancing exposure, giving Wishbone more flexibility to direct capital toward exploration. This provides a measure of resilience during project development, although it does not offset the company’s current lack of profitability.
Read all positive factors
Wishbone Gold (WSBN) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£3.70M
Dividend YieldN/A
Average Volume (3M)480.40K
Price to Earnings (P/E)―
Beta (1Y)3.44
Revenue GrowthN/A
EPS Growth58.80%
CountryUK
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.05
Shares Outstanding37,972,214
10 Day Avg. Volume1,021,195
30 Day Avg. Volume480,399
Financial Highlights & Ratios
PEG Ratio-0.01
Price to Book (P/B)2.47
Price to Sales (P/S)0.00
P/FCF Ratio-11.58
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Wishbone Gold Business Overview & Revenue Model
Company Description
Wishbone Gold Plc primarily focuses on gold extraction and commercialization operations within Australia. The company actively explores for a variety of precious and base metals, including gold, silver, copper, and lead. Its portfolio of assets fe...
How the Company Makes Money
Wishbone Gold does not have publicly available information indicating recurring operating revenue from producing mines or selling finished products; as an exploration-stage company, it typically does not generate material revenue until a project r...
Wishbone Gold Financial Statement Overview
Summary
Income Statement
14
Very Negative
Balance Sheet
66
Positive
Cash Flow
24
Negative
| Breakdown | Jun 2026 | Jun 2025 | Dec 2023 | Dec 2022 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 116.56K | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 116.56K | 0.00 | 0.00 | 0.00 |
| EBITDA | -1.71M | -1.17M | 274.02K | -898.91K | -861.01K |
| Net Income | -1.21M | -1.17M | -1.00M | -948.46K | -1.24M |
Balance Sheet | |||||
| Total Assets | 12.60M | 6.14M | 7.15M | 6.56M | 4.50M |
| Cash, Cash Equivalents and Short-Term Investments | 3.40M | 124.89K | 18.23K | 1.46M | 3.00M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 302.02K | 626.08K | 908.00K | 632.67K | 135.75K |
| Stockholders Equity | 12.30M | 5.52M | 6.25M | 5.93M | 4.36M |
Cash Flow | |||||
| Free Cash Flow | -2.62M | -1.62M | -3.26M | -3.91M | -1.14M |
| Operating Cash Flow | -2.62M | -1.49M | -1.62M | -787.35K | -926.42K |
| Investing Cash Flow | -2.05M | -121.30K | -1.64M | -3.12M | -217.13K |
| Financing Cash Flow | 7.95M | 1.16M | 1.84M | 2.38M | 2.56M |
Wishbone Gold Technical Analysis
Negative
23.00
Price Trends
18.70
Negative
20.82
Negative
33.70
Negative
Market Momentum
-2.77
Positive
19.41
Positive
9.26
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:WSBN, the sentiment is Negative. The current price of 23 is above the 20-day moving average (MA) of 14.85, above the 50-day MA of 18.70, and below the 200-day MA of 33.70, indicating a bearish trend. The MACD of -2.77 indicates Positive momentum. The RSI at 19.41 is Positive, neither overbought nor oversold. The STOCH value of 9.26 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:WSBN.
Wishbone Gold Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
44 Neutral | £5.24M | -3.19 | -23.57% | ― | ― | ― | |
44 Neutral | £6.54M | -33.61 | -0.55% | ― | ― | 77.01% | |
43 Neutral | £10.83M | -22.65 | -3.73% | ― | ― | 16.67% | |
43 Neutral | £2.91M | -0.64 | -165.54% | ― | ― | 56.07% | |
42 Neutral | £3.70M | -1.78 | -13.94% | ― | ― | 58.80% |
* Basic Materials Sector Average
GB:WSBN
Wishbone Gold
9.75
-91.75
-90.39%
GB:ECR
ECR Minerals
0.13
-0.08
-39.52%
GB:CGNR
Conroy Gold and Natural Resources
7.00
-3.25
-31.71%
GB:LEX
Lexington Gold
2.20
-1.65
-42.86%
GB:HAMA
Hamak Gold Limited
0.58
-0.78
-57.41%
Wishbone Gold Corporate Events
Business Operations and Strategy
Wishbone Gold Reports Strong Gold-Copper Hits at Red Setter Project
Positive
Oct 20, 2026
Wishbone Gold has reported new assay results from its ongoing drilling campaign at the Red Setter project in Western Australia, highlighting wide zones of gold and copper mineralisation at relatively shallow depths. Significant intercepts include ...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Wishbone Gold Expands WA Portfolio as Interim Loss Reflects Exploration Drive
Positive
Sep 30, 2026
Wishbone Gold PLC has reported unaudited interim results for the six months to 30 June 2026, highlighting an active period of portfolio expansion in Western Australia. The company secured 67km² of crown land near Telfer, advanced drilling at ...
Business Operations and Strategy
Wishbone Gold Secures Major Tenement Along Havieron Thrust Fault
Positive
Sep 2, 2026
Wishbone Gold has registered the Havieron South-East tenement, a 118 square kilometre licence located about 10 kilometres south-east of Greatland Resources’ Havieron gold-copper mine in Western Australia. Once granted and incorporated into t...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.