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Wallbridge Mining (TSE:WM) Stock Crosses Above 50-Day Moving Average - Should You Sell?

Wallbridge Mining logo with Basic Materials background

Wallbridge Mining Company Limited (TSE:WM - Get Free Report) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$0.07 and traded as high as C$0.08. Wallbridge Mining shares last traded at C$0.08, with a volume of 342,125 shares trading hands.

Wallbridge Mining Price Performance

The firm has a fifty day moving average price of C$0.07 and a two-hundred day moving average price of C$0.08. The stock has a market capitalization of C$76.50 million, a P/E ratio of -7.50 and a beta of 1.33. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.05 and a current ratio of 5.74.

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 purchased at an average cost of C$0.08 per share, for a total transaction of C$37,500.00. 17.07% of the stock is currently owned by company insiders.

Wallbridge Mining Company Profile

(Get Free Report)

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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