Wallbridge Mining (TSE:WM) Shares Down 6.7% - Should You Sell?

Wallbridge Mining Company Limited (TSE:WM - Get Free Report) shares were down 6.7% during trading on Friday . The stock traded as low as C$0.07 and last traded at C$0.07. Approximately 350,900 shares traded hands during trading, a decline of 41% from the average daily volume of 593,126 shares. The stock had previously closed at C$0.08.

Wallbridge Mining Price Performance

The business has a fifty day moving average price of C$0.07 and a 200 day moving average price of C$0.08. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.05 and a current ratio of 5.74. The company has a market cap of C$71.40 million, a price-to-earnings ratio of -7.00 and a beta of 1.33.

Insider Activity

In other news, Senior Officer Brian W. Penny acquired 500,000 shares of Wallbridge Mining stock in a transaction on Wednesday, September 25th. The stock was purchased at an average price of C$0.08 per share, with a total value of C$37,500.00. Insiders own 17.07% of the company's stock.

Wallbridge Mining Company Profile

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.