Wallbridge Mining (TSE:WM) Sets New 1-Year Low – Here’s What Happened

Wallbridge Mining Company Limited (TSE:WM)’s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$0.06 and last traded at C$0.06, with a volume of 314201 shares traded. The stock had previously closed at C$0.06.

Wallbridge Mining Trading Down 8.3 %

The business has a 50 day simple moving average of C$0.07 and a 200 day simple moving average of C$0.07. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.74 and a quick ratio of 4.05. The company has a market cap of C$56.10 million, a price-to-earnings ratio of -5.50 and a beta of 1.33.

Wallbridge Mining (TSE:WM) last announced its earnings results on Wednesday, November 6th. The mining company reported C($0.01) earnings per share for the quarter. As a group, equities analysts forecast that Wallbridge Mining Company Limited will post -0.01 EPS for the current year.

Insiders Place Their Bets

In related news, Senior Officer Brian W. Penny acquired 500,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 25th. The stock was acquired at an average cost of C$0.08 per share, with a total value of C$37,500.00. Company insiders own 17.07% of the company’s stock.

About Wallbridge Mining

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.