Wallbridge Mining (TSE:WM) Shares Pass Above Fifty Day Moving Average – What’s Next?

Wallbridge Mining Company Limited (TSE:WMGet Free Report) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$0.07 and traded as high as C$0.08. Wallbridge Mining shares last traded at C$0.07, with a volume of 334,887 shares.

Wallbridge Mining Stock Performance

The stock’s 50-day simple moving average is C$0.07 and its 200 day simple moving average is C$0.08. The company has a market capitalization of C$71.40 million, a PE ratio of -7.00 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.

Insider Transactions at Wallbridge Mining

In related news, Senior Officer Brian W. Penny bought 500,000 shares of the stock in a transaction dated Wednesday, September 25th. The stock was acquired at an average price of C$0.08 per share, for a total transaction of C$37,500.00. Insiders own 17.07% of the company’s stock.

About Wallbridge Mining

(Get Free Report)

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.

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