Wallbridge Mining (TSE:WM) Shares Up 7.7% - Time to Buy?

Key Points

• Wallbridge Mining's shares increased by 7.7% on Wednesday, trading at C$0.07, marking a notable rise despite a slight decline in trading volume compared to the average.
• The company has a market cap of C$71.40 million, a PE ratio of -7.00, and very low debt-to-equity ratio of 0.01, indicating strong financial positioning.
• Insider activity includes Senior Officer Brian W. Penny purchasing 500,000 shares at C$0.07 each, suggesting confidence in the company's future prospects.

Wallbridge Mining Company Limited (TSE:WM - ) shot up 7.7% on Wednesday . The company traded as high as C$0.07 and last traded at C$0.07. 619,500 shares were traded during trading, a decline of 4% from the average session volume of 643,781 shares. The stock had previously closed at C$0.07.

Wallbridge Mining Price Performance

The stock has a 50 day simple moving average of C$0.07 and a two-hundred day simple moving average of C$0.06. The firm has a market cap of C$71.40 million, a PE ratio of -7.00 and a beta of 1.33. 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 at Wallbridge Mining

In related news, Senior Officer Brian W. Penny acquired 500,000 shares of Wallbridge Mining 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. 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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