Wallbridge Mining Company Limited (TSE:WM – Get Free Report) shares shot up 10% during mid-day trading on Monday. The company traded as high as C$0.11 and last traded at C$0.11. Approximately 3,423,929 shares traded hands during trading, an increase of 214% from the average daily volume of 1,089,189 shares. The stock had previously closed at C$0.10.
Wallbridge Mining Stock Up 10.0%
The company has a debt-to-equity ratio of 0.01, a current ratio of 5.74 and a quick ratio of 4.05. The business has a 50 day simple moving average of C$0.10 and a 200 day simple moving average of C$0.09. The stock has a market cap of C$201.39 million, a PE ratio of -11.00 and a beta of 2.03.
About Wallbridge Mining
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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