Wallbridge Mining (TSE:WM) Hits New 52-Week Low – Time to Sell?

Wallbridge Mining Company Limited (TSE:WM) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$0.06 and last traded at C$0.07, with a volume of 858719 shares traded. The stock had previously closed at C$0.06.

Wallbridge Mining Stock Performance

The firm has a market capitalization of C$61.20 million, a price-to-earnings ratio of -6.00 and a beta of 1.33. The firm has a 50 day moving average price of C$0.07 and a 200-day moving average price of C$0.08. 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:WM) last issued its quarterly earnings results on Wednesday, November 6th. The mining company reported C($0.01) earnings per share (EPS) for the quarter. As a group, sell-side analysts expect that Wallbridge Mining Company Limited will post -0.01 earnings per share for the current fiscal year.

Insider Activity at Wallbridge Mining

In other news, Senior Officer Brian W. Penny bought 500,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 25th. The stock was purchased at an average cost of C$0.08 per share, with a total value of C$37,500.00. 17.07% of the stock is currently owned by corporate 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.