Wallbridge Mining (TSE:WM) Stock Price Passes Above 50 Day Moving Average – Here’s Why

Wallbridge Mining Company Limited (TSE:WM)’s share price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$0.07 and traded as high as C$0.08. Wallbridge Mining shares last traded at C$0.07, with a volume of 334,887 shares.

Wallbridge Mining Stock Performance

The firm’s 50 day simple moving average is C$0.07 and its 200-day simple moving average is C$0.08. The company has a market capitalization of C$71.40 million, a price-to-earnings ratio of -7.00 and a beta of 1.33. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.05 and a current ratio of 5.74.

Wallbridge Mining (TSE:WM) last announced its quarterly earnings data 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 EPS for the current year.

Insider Activity at Wallbridge Mining

In other news, Senior Officer Brian W. Penny acquired 500,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 25th. The stock was acquired at an average cost 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.