Wallbridge Mining (TSE:WM) Reaches New 52-Week Low – Here’s What Happened

Wallbridge Mining Company Limited (TSE:WM)’s stock price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as C$0.06 and last traded at C$0.06, with a volume of 401442 shares. The stock had previously closed at C$0.06.

Wallbridge Mining Price Performance

The company has a 50-day simple moving average of C$0.07 and a 200-day simple moving average of C$0.08. The stock has a market cap of C$61.20 million, a PE ratio of -5.50 and a beta of 1.33. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.74 and a quick ratio of 4.05.

Wallbridge Mining (TSE:WM) last released its quarterly earnings data on Wednesday, November 6th. The mining company reported C($0.01) earnings per share (EPS) for the quarter. Sell-side analysts anticipate that Wallbridge Mining Company Limited will post -0.01 EPS for the current fiscal year.

Insider Activity

In other news, Senior Officer Brian W. Penny purchased 500,000 shares of the company’s stock in a transaction dated Wednesday, September 25th. The stock was acquired at an average price of C$0.08 per share, for a total transaction of C$37,500.00. Company insiders own 17.07% of the company’s stock.

Wallbridge Mining Company Profile

Wallbridge Mining Company Limited engages in the acquisition, exploration, discovery, development, and production of gold properties. The company also explores for copper, nickel, and platinum group metals. Its flagship property is the Fenelon gold property located in Northern Abitibi, Quebec, Canada.