Wallbridge Mining (TSE:WM) Shares Pass Below 50 Day Moving Average - Time to Sell?

Key Points

• Wallbridge Mining's shares fell below the 50-day moving average of C$0.07, indicating a potential sell signal for investors.
• Despite the recent drop, the stock saw a 7.7% increase in value, with a trading volume of 846,762 shares.
• Insider activity included Senior Officer Brian W. Penny purchasing 500,000 shares at C$0.07 each, demonstrating confidence in the company's future.

Shares of Wallbridge Mining Company Limited (TSE:WM - ) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$0.07 and traded as low as C$0.07. Wallbridge Mining shares last traded at C$0.07, with a volume of 846,762 shares trading hands.

Wallbridge Mining Stock Up 7.7%

The firm has a market cap of C$71.40 million, a P/E ratio of -7.00 and a beta of 1.33. The stock's 50 day simple moving average is C$0.07 and its 200 day simple moving average is C$0.06. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.05 and a current ratio of 5.74.

Insider Buying and Selling

In other Wallbridge Mining news, Senior Officer Brian W. Penny purchased 500,000 shares of the firm's stock in a transaction on Monday, June 9th. The stock was acquired 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.

About Wallbridge Mining

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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