Wallbridge Mining (WM) Stock Price Up 11.1%
Wallbridge Mining Company Ltd (TSE:WM)’s share price rose 11.1% during mid-day trading on Monday . The company traded as high as C$0.30 and last traded at C$0.30. Approximately 2,595,787 shares traded hands during trading, an increase of 124% from the average daily volume of 1,156,967 shares. The stock had previously closed at C$0.27.
The company has a current ratio of 0.56, a quick ratio of 0.46 and a debt-to-equity ratio of 27.24. The firm has a market cap of $102.33 million and a price-to-earnings ratio of -33.00.
In other news, Director Parviz Farsangi sold 84,500 shares of Wallbridge Mining stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of C$0.32, for a total transaction of C$27,040.00. Following the completion of the transaction, the director now directly owns 340,500 shares of the company’s stock, valued at approximately C$108,960. Also, Director William Warren Holmes sold 239,500 shares of Wallbridge Mining stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of C$0.31, for a total transaction of C$73,047.50. Following the transaction, the director now directly owns 3,509,000 shares of the company’s stock, valued at C$1,070,245. Over the last ninety days, insiders have sold 676,000 shares of company stock valued at $192,648.
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Wallbridge Mining Company Limited engages in the acquisition, discovery, development, and production of metals. It holds 100% interest in the Fenelon gold property that consists of 1 block of 19 mining claims and 1 mining lease covering an area of 1,052 hectares located in the province of Quebec, Canada.
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