Wallbridge Mining (TSE:WM) Shares Down 7% – Should You Sell?

Wallbridge Mining Company Limited (TSE:WMGet Free Report) shares fell 7% on Thursday . The stock traded as low as C$0.10 and last traded at C$0.10. 1,842,380 shares traded hands during trading, an increase of 47% from the average session volume of 1,252,039 shares. The stock had previously closed at C$0.11.

Wallbridge Mining Stock Performance

The company has a market cap of C$128.37 million, a P/E ratio of -10.50 and a beta of 1.88. The company’s 50-day moving average is C$0.08 and its two-hundred day moving average is C$0.09. The company has a quick ratio of 4.05, a current ratio of 5.74 and a debt-to-equity ratio of 0.01.

Wallbridge Mining Company Profile

(Get Free Report)

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.

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