Wallbridge Mining (TSE:WM) Stock Price Passes Above 50-Day Moving Average – Here’s Why

Wallbridge Mining Company Limited (TSE:WMGet Free Report)’s stock price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$0.06 and traded as high as C$0.07. Wallbridge Mining shares last traded at C$0.07, with a volume of 839,500 shares changing hands.

Wallbridge Mining Trading Up 7.7 %

The firm has a market capitalization of C$71.40 million, a P/E ratio of -7.00 and a beta of 1.33. The stock’s 50-day simple moving average is C$0.06 and its two-hundred day simple moving average is C$0.07. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.74 and a quick ratio of 4.05.

Wallbridge Mining (TSE:WMGet Free Report) last issued its earnings results on Wednesday, November 6th. The mining company reported C($0.01) earnings per share for the quarter. Equities research analysts expect that Wallbridge Mining Company Limited will post -0.01 EPS for the current year.

About Wallbridge Mining

(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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