Wallbridge Mining (TSE:WM) Stock Passes Below 50 Day Moving Average of $0.21

Wallbridge Mining Company Limited (TSE:WMGet Rating)’s share price passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$0.21 and traded as low as C$0.17. Wallbridge Mining shares last traded at C$0.20, with a volume of 2,158,512 shares.

Wallbridge Mining Stock Performance

The company has a market cap of C$172.06 million and a price-to-earnings ratio of -24.38. The stock’s fifty day simple moving average is C$0.21 and its two-hundred day simple moving average is C$0.29. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.31 and a current ratio of 4.31.

Insider Activity at Wallbridge Mining

In other news, Senior Officer Faramarz Kord-Gharachorloo acquired 250,000 shares of the company’s stock in a transaction dated Friday, July 15th. The shares were bought at an average price of C$0.17 per share, for a total transaction of C$42,500.00. Following the completion of the purchase, the insider now directly owns 2,590,116 shares of the company’s stock, valued at approximately C$440,319.72.

About Wallbridge Mining

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

Further Reading

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