Wallbridge Mining (TSE:WM) Sets New 1-Year Low – Here’s Why

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$0.07, with a volume of 858719 shares. The stock had previously closed at C$0.06.

Wallbridge Mining Stock Performance

The stock has a market capitalization of C$61.20 million, a price-to-earnings ratio of -6.00 and a beta of 1.33. The stock’s 50-day simple moving average is C$0.07 and its 200 day simple moving average is C$0.07. The company has a quick ratio of 4.05, a current ratio of 5.74 and a debt-to-equity ratio of 0.01.

Wallbridge Mining (TSE:WM) last announced its earnings results on Wednesday, November 6th. The mining company reported C($0.01) EPS for the quarter. Analysts expect that Wallbridge Mining Company Limited will post -0.01 earnings per share for the current fiscal year.

Insider Activity

In other Wallbridge Mining news, Senior Officer Brian W. Penny bought 500,000 shares of the company’s stock in a transaction on Wednesday, September 25th. The stock was bought at an average price of C$0.08 per share, for a total transaction of C$37,500.00. 17.07% of the stock is currently owned by insiders.

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.