Wallbridge Mining (TSE:WM) Shares Up 26.7% – Here’s Why

Wallbridge Mining Company Limited (TSE:WM) shot up 26.7% during mid-day trading on Wednesday . The stock traded as high as C$0.10 and last traded at C$0.10. 6,087,388 shares changed hands during trading, an increase of 467% from the average session volume of 1,073,250 shares. The stock had previously closed at C$0.08.

Wallbridge Mining Trading Down 7.0%

The company’s 50-day moving average is C$0.08 and its 200-day moving average is C$0.09. The firm has a market cap of C$122.26 million, a price-to-earnings ratio of -10.00 and a beta of 1.88. 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 Company Profile

Wallbridge is focused on creating value through the exploration and sustainable development of gold projects in Quebec’s Abitibi region while respecting the environment and communities where it operates. The Company holds a contiguous mineral property position totaling 598 square kilometres that extends approximately 82 kilometres along the Detour-Fenelon gold trend. The land position is host to the Company’s flagship PEA stage Fenelon Gold Project, and its earlier exploration stage Martiniere Gold Project, as well as numerous greenfield gold projects.