Wallbridge Mining (TSE:WM) Stock Crosses Above 50-Day Moving Average - Should You Sell?

Wallbridge Mining Company Limited (TSE:WM - Get Free Report)'s share price crossed above its 50 day moving average during trading on Thursday . 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 96,500 shares traded.

Wallbridge Mining Trading Up 8.3%

The company has a market cap of C$66.30 million, a price-to-earnings ratio of -6.50 and a beta of 1.33. The firm's 50-day moving average price is C$0.06 and its 200 day moving average price is C$0.06. The company has a current ratio of 5.74, a quick ratio of 4.05 and a debt-to-equity ratio of 0.01.

Insider Activity at Wallbridge Mining

In other news, Senior Officer Brian W. Penny purchased 500,000 shares of the company's stock in a transaction that occurred on Monday, June 9th. The shares were acquired at an average cost of C$0.07 per share, with a total value of C$35,000.00. 17.07% of the stock is currently owned by corporate 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.