Wallbridge Mining (TSE:WM) Sets New 52-Week Low – What’s Next?

Wallbridge Mining Company Limited (TSE:WM) shares reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$0.06 and last traded at C$0.07, with a volume of 231826 shares trading hands. The stock had previously closed at C$0.07.

Wallbridge Mining Price Performance

The company’s 50-day simple moving average is C$0.06 and its 200 day simple moving average is C$0.07. The company has a market capitalization of C$71.40 million, a P/E ratio of -7.00 and a beta of 1.33. 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 (TSE:WM) last announced its quarterly earnings results on Wednesday, November 6th. The mining company reported C($0.01) earnings per share for the quarter. As a group, sell-side analysts expect that Wallbridge Mining Company Limited will post -0.01 earnings per share for the current fiscal year.

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.