Wallbridge Mining (TSE:WM) Sets New 1-Year Low – Should You Sell?

Wallbridge Mining Company Limited (TSE:WM) shares hit a new 52-week low during trading on Thursday . The company traded as low as C$0.06 and last traded at C$0.07, with a volume of 1678313 shares traded. The stock had previously closed at C$0.07.

Wallbridge Mining Price Performance

The company has a quick ratio of 4.05, a current ratio of 5.74 and a debt-to-equity ratio of 0.01. The stock’s 50 day moving average price is C$0.07 and its two-hundred day moving average price is C$0.08. The stock has a market cap of C$66.30 million, a price-to-earnings ratio of -6.50 and a beta of 1.33.

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

Insider Activity

In other news, Senior Officer Brian W. Penny purchased 500,000 shares of the stock in a transaction dated Wednesday, September 25th. The shares were purchased at an average cost of C$0.08 per share, with a total value of C$37,500.00. Company 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.