Wallbridge Mining (TSE:WM) Hits New 12-Month 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 2134086 shares trading hands. The stock had previously closed at C$0.06.

Wallbridge Mining Price 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 debt-to-equity ratio of 0.01, a quick ratio of 4.05 and a current ratio of 5.74. The firm has a market cap of C$61.20 million, a price-to-earnings ratio of -6.00 and a beta of 1.33.

Wallbridge Mining (TSE:WM) last released its earnings results on Wednesday, November 6th. The mining company reported C($0.01) earnings per share (EPS) for the quarter. Equities research analysts anticipate that Wallbridge Mining Company Limited will post -0.01 EPS for the current fiscal year.

Insider Transactions at Wallbridge Mining

In other Wallbridge Mining news, Senior Officer Brian W. Penny bought 500,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 25th. The stock was bought at an average cost of C$0.08 per share, for a total transaction 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.