Wallbridge Mining (TSE:WM) Shares Down 7.1% - What's Next?

Key Points

• Wallbridge Mining shares have decreased by 7.1%, trading at C$0.07, with trading volume dropping by 68% compared to the average.
• The company has a strong financial position with a debt-to-equity ratio of 0.01 and a current ratio of 5.74.
• Insider activity is notable as Senior Officer Brian W. Penny purchased 500,000 shares at C$0.07, reflecting insider confidence in the company.

Wallbridge Mining Company Limited (TSE:WM - Get Free Report) was down 7.1% during trading on Wednesday . The company traded as low as C$0.07 and last traded at C$0.07. Approximately 205,800 shares were traded during mid-day trading, a decline of 68% from the average daily volume of 648,262 shares. The stock had previously closed at C$0.07.

Wallbridge Mining Stock Performance

The firm has a market capitalization of C$71.40 million, a price-to-earnings ratio of -7.00 and a beta of 1.33. The business's 50-day simple moving average is C$0.07 and its two-hundred day simple moving average is C$0.06. The company has a quick ratio of 4.05, a current ratio of 5.74 and a debt-to-equity ratio of 0.01.

Insider Buying and Selling at Wallbridge Mining

In related news, Senior Officer Brian W. Penny purchased 500,000 shares of the company's stock in a transaction on Monday, June 9th. The stock was acquired at an average cost of C$0.07 per share, for a total transaction 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.