Wallbridge Mining (TSE:WM) Stock Price Down 6.7% – Here’s Why

Wallbridge Mining Company Limited (TSE:WM) traded down 6.7% on Friday . The stock traded as low as C$0.07 and last traded at C$0.07. 350,900 shares traded hands during mid-day trading, a decline of 41% from the average session volume of 593,126 shares. The stock had previously closed at C$0.08.

Wallbridge Mining Price Performance

The company has a quick ratio of 4.05, a current ratio of 5.74 and a debt-to-equity ratio of 0.01. The firm has a market cap of C$71.40 million, a P/E ratio of -7.50 and a beta of 1.33. The business has a fifty day moving average of C$0.07 and a 200 day moving average of C$0.08.

Insider Buying and Selling

In other Wallbridge Mining news, Senior Officer Brian W. Penny purchased 500,000 shares of Wallbridge Mining stock in a transaction that occurred on 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. 17.07% of the stock is currently owned by corporate 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.