Wallbridge Mining (TSE:WM) Shares Pass Below 50-Day Moving Average – Here’s What Happened

Wallbridge Mining Company Limited (TSE:WM) shares crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$0.09 and traded as low as C$0.09. Wallbridge Mining shares last traded at C$0.09, with a volume of 1,494,445 shares.

Wallbridge Mining Price Performance

The stock has a 50 day moving average price of C$0.09 and a two-hundred day moving average price of C$0.09. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.05 and a current ratio of 5.74. The company has a market capitalization of C$110.03 million, a PE ratio of -9.00 and a beta of 1.88.

About Wallbridge Mining

Wallbridge is focused on creating value through the exploration and sustainable development of gold projects in Quebec’s Abitibi region while respecting the environment and communities where it operates. The Company holds a contiguous mineral property position totaling 598 square kilometres that extends approximately 82 kilometres along the Detour-Fenelon gold trend. The land position is host to the Company’s flagship PEA stage Fenelon Gold Project, and its earlier exploration stage Martiniere Gold Project, as well as numerous greenfield gold projects.