Wallbridge Mining (TSE:WM) Trading Up 8.3% - Should You Buy?

Key Points

• Wallbridge Mining shares rose by 8.3% during trading, reaching C$0.13, with a trading volume significantly surpassing the daily average.
• The company has a market cap of C$137.48 million and a P/E ratio of -12.50, indicating potential volatility in earnings.
• Wallbridge Mining focuses on the acquisition, discovery, development, and production of metals, particularly gold, copper, nickel, and platinum group metals.

Wallbridge Mining Company Limited (TSE:WM - )'s share price was up 8.3% during trading on Tuesday . The stock traded as high as C$0.13 and last traded at C$0.13. Approximately 1,852,008 shares changed hands during mid-day trading, an increase of 137% from the average daily volume of 781,174 shares. The stock had previously closed at C$0.12.

Wallbridge Mining Stock Up 4.2%

The company has a current ratio of 5.74, a quick ratio of 4.05 and a debt-to-equity ratio of 0.01. The company has a market cap of C$137.48 million, a P/E ratio of -12.50 and a beta of 1.20. The company has a 50-day simple moving average of C$0.07 and a 200 day simple moving average of C$0.06.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.