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Wallbridge Mining (TSE:WM) Stock Price Crosses Above Fifty Day Moving Average - What's Next?

Wallbridge Mining logo with Basic Materials background

Wallbridge Mining Company Limited (TSE:WM - Get Free Report)'s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$0.06 and traded as high as C$0.07. Wallbridge Mining shares last traded at C$0.07, with a volume of 139,001 shares traded.

Wallbridge Mining Price Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 5.74 and a quick ratio of 4.05. The firm has a market capitalization of C$66.30 million, a P/E ratio of -6.50 and a beta of 1.33. The firm's 50 day simple moving average is C$0.06 and its two-hundred day simple moving average is C$0.06.

Insider Activity

In related news, Senior Officer Brian W. Penny bought 500,000 shares of the business's stock in a transaction dated Monday, June 9th. The shares were purchased at an average price of C$0.07 per share, with a total value of C$35,000.00. Insiders own 17.07% of the company's stock.

About Wallbridge Mining

(Get Free Report)

Wallbridge Mining Co Ltd is engaged in the acquisition, discovery, development, and production of metals focusing on gold, copper, nickel and platinum group metals. The company owns Sudbury Projects, Quebec Projects and Equity Investments. Wallbridge completed operations at its first polymetallic mine, producing copper, platinum, palladium, and gold from the Broken Hammer.

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