Wallbridge Mining (TSE:WM) Sets New 52-Week Low – Should You Sell?

Wallbridge Mining Company Limited (TSE:WM)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$0.06 and last traded at C$0.06, with a volume of 2134086 shares changing hands. The stock had previously closed at C$0.06.

Wallbridge Mining Price Performance

The company has a market capitalization of C$61.20 million, a price-to-earnings ratio of -6.00 and a beta of 1.33. 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 company’s 50 day simple moving average is C$0.07 and its 200-day simple moving average is C$0.08.

Wallbridge Mining (TSE:WM) last announced its quarterly earnings data on Wednesday, November 6th. The mining company reported C($0.01) EPS for the quarter. On average, equities research analysts predict that Wallbridge Mining Company Limited will post -0.01 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Senior Officer Brian W. Penny bought 500,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 25th. The shares were acquired at an average cost of C$0.08 per share, with a total value of C$37,500.00. Corporate insiders own 17.07% of the company’s stock.

About Wallbridge Mining

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.