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Wallbridge Mining (TSE:WM) Share Price Passes Below 50-Day Moving Average - Time to Sell?

Wallbridge Mining logo with Basic Materials background
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Wallbridge Mining Company Limited (TSE:WM - Get Free Report) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$0.09 and traded as low as C$0.08. Wallbridge Mining shares last traded at C$0.08, with a volume of 581,868 shares.

Wallbridge Mining Trading Down 6.3%

The firm has a market capitalization of C$91.69 million, a PE ratio of -7.50 and a beta of 1.88. The company has a quick ratio of 4.05, a current ratio of 5.74 and a debt-to-equity ratio of 0.01. The business's fifty day moving average price is C$0.09 and its 200 day moving average price is C$0.09.

About Wallbridge Mining

(Get Free Report)

Wallbridge is focused on creating value through the exploration and sustainable development of gold projects in Quebec's Abitibi region while respecting the environment and communities where it operates. The Company holds a contiguous mineral property position totaling 598 square kilometres that extends approximately 82 kilometres along the Detour-Fenelon gold trend. The land position is host to the Company's flagship PEA stage Fenelon Gold Project, and its earlier exploration stage Martiniere Gold Project, as well as numerous greenfield gold projects.

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