Wallbridge Mining (WM) Shares Down 5.1%
Wallbridge Mining Company Ltd (TSE:WM) shares were down 5.1% during mid-day trading on Thursday . The company traded as low as C$0.37 and last traded at C$0.37. Approximately 665,915 shares traded hands during trading, a decline of 52% from the average daily volume of 1,388,409 shares. The stock had previously closed at C$0.39.
The company has a debt-to-equity ratio of 31.51, a quick ratio of 0.36 and a current ratio of 0.37. The company has a market cap of $154.20 million and a price-to-earnings ratio of -45.00.
In other Wallbridge Mining news, Director William Warren Holmes sold 250,000 shares of Wallbridge Mining stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of C$0.28, for a total value of C$70,000.00. Following the transaction, the director now owns 3,748,500 shares of the company’s stock, valued at C$1,049,580. Also, 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 in the company, valued at approximately C$108,960. In the last ninety days, insiders sold 926,000 shares of company stock worth $267,648.
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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