Wallbridge Mining (TSE:WM) Share Price Crosses Above 50 Day Moving Average – Time to Sell?

Wallbridge Mining Company Limited (TSE:WM) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$0.07 and traded as high as C$0.08. Wallbridge Mining shares last traded at C$0.07, with a volume of 334,887 shares traded.

Wallbridge Mining Stock Down 12.5 %

The stock has a market capitalization of C$71.40 million, a price-to-earnings ratio of -7.00 and a beta of 1.33. 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’s fifty day moving average is C$0.07 and its 200-day moving average is C$0.08.

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

Insider Activity at Wallbridge Mining

In other Wallbridge Mining news, Senior Officer Brian W. Penny acquired 500,000 shares of Wallbridge Mining stock in a transaction dated Wednesday, September 25th. The stock was acquired at an average cost of C$0.08 per share, for a total transaction of C$37,500.00. 17.07% of the stock is currently owned by insiders.

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.