Wallbridge Mining (TSE:WM) Trading Down 14.3% – Here’s Why

Wallbridge Mining Company Limited (TSE:WMGet Free Report) shares dropped 14.3% during trading on Friday . The company traded as low as C$0.06 and last traded at C$0.06. Approximately 138,297 shares changed hands during mid-day trading, a decline of 41% from the average daily volume of 234,542 shares. The stock had previously closed at C$0.07.

Wallbridge Mining Trading Down 7.1 %

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 business has a 50 day simple moving average of C$0.06 and a two-hundred day simple moving average of C$0.07. The stock has a market cap of C$66.30 million, a price-to-earnings ratio of -6.50 and a beta of 1.33.

Wallbridge Mining (TSE:WMGet Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The mining company reported C($0.01) EPS for the quarter. As a group, equities analysts anticipate that Wallbridge Mining Company Limited will post -0.01 EPS for the current year.

Wallbridge Mining Company Profile

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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.

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