Wallbridge Mining (TSE:WM) Reaches New 12-Month Low – Here’s Why

Shares of Wallbridge Mining Company Limited (TSE:WM) reached a new 52-week low on Thursday . The stock traded as low as C$0.06 and last traded at C$0.07, with a volume of 1678313 shares. The stock had previously closed at C$0.07.

Wallbridge Mining Stock Down 7.1 %

The stock has a market cap of C$66.30 million, a P/E ratio of -6.50 and a beta of 1.33. The company has a current ratio of 5.74, a quick ratio of 4.05 and a debt-to-equity ratio of 0.01. The stock’s 50-day moving average is C$0.07 and its 200-day moving average is C$0.08.

Wallbridge Mining (TSE:WM) last issued its quarterly earnings results on Wednesday, November 6th. The mining company reported C($0.01) earnings per share for the quarter. As a group, research analysts anticipate that Wallbridge Mining Company Limited will post -0.01 earnings per share for the current fiscal year.

Insider Transactions at Wallbridge Mining

In related news, Senior Officer Brian W. Penny acquired 500,000 shares of Wallbridge Mining stock in a transaction dated Wednesday, September 25th. The stock was acquired at an average cost of C$0.08 per share, with a total value of C$37,500.00. Corporate insiders own 17.07% of the company’s stock.

About Wallbridge Mining

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.