Wallbridge Mining (TSE:WM) Sets New 12-Month High – Here’s What Happened

Wallbridge Mining Company Limited (TSE:WM)’s share price hit a new 52-week high on Tuesday . The company traded as high as C$0.09 and last traded at C$0.09, with a volume of 1764909 shares changing hands. The stock had previously closed at C$0.08.

Wallbridge Mining Stock Up 6.3%

The stock has a market cap of C$93.48 million, a price-to-earnings ratio of -8.50 and a beta of 1.13. The stock has a fifty day moving average of C$0.07 and a two-hundred day moving average of C$0.06. The company has a quick ratio of 4.05, a current ratio of 5.74 and a debt-to-equity ratio of 0.01.

Insider Activity at Wallbridge Mining

In related news, Senior Officer Brian W. Penny purchased 500,000 shares of the company’s stock in a transaction on Monday, June 9th. The shares were bought at an average cost of C$0.07 per share, for a total transaction of C$35,000.00. Company insiders own 17.07% of the company’s stock.

About Wallbridge Mining

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.