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Wallbridge Mining (TSE:WM) Shares Cross Above 50 Day Moving Average - What's Next?

Wallbridge Mining logo with Basic Materials background

Wallbridge Mining Company Limited (TSE:WM - Get Free Report) crossed 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.

Wallbridge Mining Trading Up 8.3%

The firm has a market cap of C$66.30 million, a price-to-earnings ratio of -6.50 and a beta of 1.33. 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's fifty day moving average is C$0.06 and its 200-day moving average is C$0.06.

Insider Buying and Selling at Wallbridge Mining

In related news, Senior Officer Brian W. Penny bought 500,000 shares of the company's stock in a transaction that occurred on Monday, June 9th. The shares were bought at an average price of C$0.07 per share, for a total transaction of C$35,000.00. Company insiders own 17.07% of the company's stock.

Wallbridge Mining Company Profile

(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.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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