Wallbridge Mining (TSE:WM) Shares Down 7.1% - Time to Sell?

Wallbridge Mining Company Limited (TSE:WM - Get Free Report)'s stock price fell 7.1% during trading on Thursday . The stock traded as low as C$0.07 and last traded at C$0.07. 216,200 shares were traded during mid-day trading, a decline of 70% from the average session volume of 712,446 shares. The stock had previously closed at C$0.07.

Wallbridge Mining Price Performance

The firm has a 50-day simple moving average of C$0.06 and a 200 day simple moving average of C$0.06. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.74 and a quick ratio of 4.05. The company has a market capitalization of C$66.30 million, a PE ratio of -6.50 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 stock in a transaction dated Monday, June 9th. The stock was bought 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 owned by company 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.