Wallbridge Mining (TSE:WM) Stock Price Down 6.7% – Here’s Why

Wallbridge Mining Company Limited (TSE:WM) shares dropped 6.7% during mid-day trading on Friday . The stock traded as low as C$0.07 and last traded at C$0.07. Approximately 350,900 shares changed 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 Stock Down 6.7 %

The company has a debt-to-equity ratio of 0.01, a current ratio of 5.74 and a quick ratio of 4.05. The firm has a 50 day moving average of C$0.07 and a 200-day moving average of C$0.08. The stock has a market capitalization of C$71.40 million, a P/E ratio of -7.50 and a beta of 1.33.

Insider Transactions at Wallbridge Mining

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

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.