Wallbridge Mining (TSE:WM) Stock Price Crosses Below 200 Day Moving Average of $0.18

Wallbridge Mining Company Limited (TSE:WM – Get Rating) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$0.18 and traded as low as C$0.14. Wallbridge Mining shares last traded at C$0.14, with a volume of 1,132,817 shares trading hands.

Analysts Set New Price Targets

Separately, Barclays reduced their price objective on Wallbridge Mining from C$1.00 to C$0.75 in a research report on Wednesday, January 18th.

Wallbridge Mining Stock Down 6.7 %

The company has a market capitalization of C$129.97 million, a P/E ratio of -14.00 and a beta of 1.37. The firm has a 50-day moving average price of C$0.17 and a two-hundred day moving average price of C$0.18.

Wallbridge Mining Company Profile

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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.