Wallbridge Mining (TSE:WM) Trading 26.7% Higher – Still a Buy?

Wallbridge Mining Company Limited (TSE:WM) shot up 26.7% during trading on Wednesday . The stock traded as high as C$0.10 and last traded at C$0.10. 6,087,388 shares changed hands during mid-day trading, an increase of 467% from the average session volume of 1,073,250 shares. The stock had previously closed at C$0.08.

Wallbridge Mining Trading Up 40.0%

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 50-day simple moving average of C$0.08 and a 200 day simple moving average of C$0.09. The company has a market capitalization of C$128.37 million, a P/E ratio of -10.50 and a beta of 1.88.

Wallbridge Mining Company Profile

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.