Wallbridge Mining (TSE:WM) Stock Price Down 3.7% - Should You Sell?

Key Points

• Wallbridge Mining's stock price decreased by 3.7%, trading at C$0.13, with a significant drop in trading volume, down 80% from its average.
• The company's market cap stands at C$126.48 million, with a negative P/E ratio of -11.50, indicating challenges in profitability.
• Wallbridge Mining focuses on the acquisition and production of metals such as gold, copper, nickel, and platinum, with operations including the recently completed Broken Hammer mine.

Shares of Wallbridge Mining Company Limited (TSE:WM - ) dropped 3.7% during mid-day trading on Thursday . The company traded as low as C$0.13 and last traded at C$0.13. Approximately 169,256 shares changed hands during trading, a decline of 80% from the average daily volume of 842,833 shares. The stock had previously closed at C$0.14.

Wallbridge Mining Trading Down 14.8%

The stock has a market cap of C$126.48 million, a P/E ratio of -11.50 and a beta of 1.20. The firm's fifty day moving average price is C$0.08 and its two-hundred day moving average price is C$0.07. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.74 and a quick ratio of 4.05.

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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