Wallbridge Mining (TSE:WM) Shares Down 7.7% - What's Next?

Shares of Wallbridge Mining Company Limited (TSE:WM - Get Free Report) fell 7.7% on Friday . The company traded as low as C$0.06 and last traded at C$0.06. 716,104 shares changed hands during mid-day trading, an increase of 4% from the average session volume of 686,502 shares. The stock had previously closed at C$0.07.

Wallbridge Mining Stock Performance

The firm has a 50 day moving average price of C$0.06 and a 200-day moving average price of C$0.06. The stock has a market capitalization of C$61.20 million, a PE ratio of -6.00 and a beta of 1.33. The company has a quick ratio of 4.05, a current ratio of 5.74 and a debt-to-equity ratio of 0.01.

Insiders Place Their Bets

In other Wallbridge Mining news, Senior Officer Brian W. Penny acquired 500,000 shares of the business's stock in a transaction dated Monday, June 9th. The stock was acquired at an average cost of C$0.07 per share, for a total transaction of C$35,000.00. 17.07% of the stock is currently owned by insiders.

Wallbridge Mining Company Profile

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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