Wallbridge Mining (TSE:WM) Stock Price Crosses Below Fifty Day Moving Average - What's Next?

Key Points

• Wallbridge Mining's stock price has recently fallen below its 50-day moving average of C$0.10, closing at the same price during trading.
• The company, focused on acquisition and production of metals like gold, copper, and nickel, has a market capitalization of C$112.73 million.
• With a high beta of 1.79, Wallbridge Mining's stock is subject to increased volatility compared to the broader market.

Wallbridge Mining Company Limited (TSE:WM - ) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$0.10 and traded as low as C$0.10. Wallbridge Mining shares last traded at C$0.10, with a volume of 979,877 shares trading hands.

Wallbridge Mining Price Performance

The company has a market cap of C$112.73 million, a P/E ratio of -10.25 and a beta of 1.79. The company's 50-day moving average price is C$0.10 and its two-hundred day moving average price is C$0.07. The company has a current ratio of 5.74, a quick ratio of 4.05 and a debt-to-equity ratio of 0.01.

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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