Wallbridge Mining (TSE:WM) Stock Jumps 10% – Here’s What Happened

Wallbridge Mining Company Limited (TSE:WM)’s share price shot up 10% during trading on Monday. The stock traded as high as C$0.11 and last traded at C$0.11. 3,423,929 shares were traded during mid-day trading, an increase of 214% from the average session volume of 1,089,189 shares. The stock had previously closed at C$0.10.

Wallbridge Mining Stock Up 10.0%

The firm has a market cap of C$201.39 million, a PE ratio of -11.00 and a beta of 2.03. 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 fifty day moving average price of C$0.10 and a two-hundred day moving average price of C$0.09.

Wallbridge Mining Company Profile

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.