Wallbridge Mining (TSE:WM) Shares Cross Below Two Hundred Day Moving Average – What’s Next?

Wallbridge Mining Company Limited (TSE:WM) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.08 and traded as low as C$0.07. Wallbridge Mining shares last traded at C$0.08, with a volume of 172,150 shares changing hands.

Wallbridge Mining Price Performance

The business has a 50-day simple moving average of C$0.07 and a two-hundred day simple moving average of C$0.09. The company has a market capitalization of C$81.60 million, a price-to-earnings ratio of -8.00 and a beta of 1.33. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.05 and a current ratio of 5.74.

Insiders Place Their Bets

In other Wallbridge Mining news, Senior Officer Brian W. Penny bought 500,000 shares of Wallbridge Mining stock in a transaction on Wednesday, September 25th. The stock was bought at an average price of C$0.08 per share, with a total value of C$37,500.00. 17.07% of the stock is currently owned by insiders.

Wallbridge Mining Company Profile

Wallbridge Mining Company Limited engages in the acquisition, exploration, discovery, development, and production of gold properties. The company also explores for copper, nickel, and platinum group metals. Its flagship property is the Fenelon gold property located in Northern Abitibi, Quebec, Canada.