Wallbridge Mining (TSE:WM) Share Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Wallbridge Mining Company Limited (TSE:WMGet Free Report)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred 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 121,562 shares changing hands.

Wallbridge Mining Stock Down 10.0%

The firm’s 50 day moving average price is C$0.09 and its 200-day moving average price is C$0.09. The company has a current ratio of 5.74, a quick ratio of 4.05 and a debt-to-equity ratio of 0.01. The company has a market cap of C$164.78 million, a P/E ratio of -9.00 and a beta of 1.85.

About Wallbridge Mining

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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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