Wallbridge Mining (TSE:WM) Stock Price Passes Above Fifty Day Moving Average - Here's Why

Key Points

• Wallbridge Mining shares surpassed their 50-day moving average, trading at C$0.07, which is a 7.7% increase during recent trading.
• The company reported a market capitalization of C$71.40 million and has a low debt-to-equity ratio of 0.01, indicating strong financial health.
• Senior Officer Brian W. Penny recently purchased 500,000 shares at C$0.07 each, showcasing insider confidence in the company's future.

Wallbridge Mining Company Limited (TSE:WM - Get Free Report)'s share price passed above its fifty day moving average during trading on Friday . The stock has a fifty 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 246,626 shares traded.

Wallbridge Mining Price Performance

The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.05 and a current ratio of 5.74. The stock has a 50 day simple moving average of C$0.06 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.

Insider Buying and Selling

In other Wallbridge Mining news, Senior Officer Brian W. Penny bought 500,000 shares of the company's stock in a transaction that occurred on Monday, June 9th. The shares were purchased at an average price of C$0.07 per share, with a total value of C$35,000.00. Corporate insiders own 17.07% of the company's stock.

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.