Wallbridge Mining (TSE:WM) Stock Crosses Below Fifty Day Moving Average - Here's Why

Key Points

• Wallbridge Mining's stock price has fallen below its 50-day moving average of C$0.07, last trading at that same price with a volume of 568,100 shares.
• The company's financial metrics indicate a strong liquidity position, with a current ratio of 5.74 and a debt-to-equity ratio of just 0.01.
• Recently, Senior Officer Brian W. Penny purchased 500,000 shares at C$0.07 each, demonstrating insider confidence with 17.07% of the stock owned by insiders.

Shares of Wallbridge Mining Company Limited (TSE:WM - ) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 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 568,100 shares trading hands.

Wallbridge Mining Price Performance

The company has a current ratio of 5.74, a quick ratio of 4.05 and a debt-to-equity ratio of 0.01. The stock 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 fifty day moving average of C$0.07 and a 200-day moving average of C$0.06.

Insiders Place Their Bets

In other Wallbridge Mining news, Senior Officer Brian W. Penny bought 500,000 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The stock was purchased at an average price of C$0.07 per share, for a total transaction of C$35,000.00. 17.07% of the stock is currently owned by company 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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