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Wallbridge Mining (TSE:WM) Stock Passes Above Fifty Day Moving Average - Here's Why

Wallbridge Mining logo with Basic Materials background

Wallbridge Mining Company Limited (TSE:WM - Get Free Report)'s share price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$0.06 and traded as high as C$0.08. Wallbridge Mining shares last traded at C$0.07, with a volume of 453,861 shares trading hands.

Wallbridge Mining Stock Performance

The business has a 50-day moving average of C$0.06 and a 200-day moving average of C$0.07. The stock has a market capitalization of C$76.50 million, a price-to-earnings 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.

Wallbridge Mining (TSE:WM - Get Free Report) 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 forecast that Wallbridge Mining Company Limited will post -0.01 EPS for the current year.

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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