Insider Buying: Wallbridge Mining Company Limited (TSE:WM) Director Acquires 50,000 Shares of Stock

Wallbridge Mining Company Limited (TSE:WM) Director Alar Soever purchased 50,000 shares of the business’s stock in a transaction that occurred on Monday, November 22nd. The stock was bought at an average cost of C$0.45 per share, for a total transaction of C$22,500.00. Following the acquisition, the director now owns 2,104,205 shares in the company, valued at approximately C$946,892.25.

Alar Soever also recently made the following trade(s):

  • On Monday, November 15th, Alar Soever purchased 50,000 shares of Wallbridge Mining stock. The stock was bought at an average cost of C$0.49 per share, for a total transaction of C$24,250.00.

Shares of TSE WM opened at C$0.45 on Thursday. The company has a market cap of C$367.86 million and a price-to-earnings ratio of -20.45. Wallbridge Mining Company Limited has a 12-month low of C$0.41 and a 12-month high of C$0.86. The company has a current ratio of 4.96, a quick ratio of 4.96 and a debt-to-equity ratio of 0.04. The stock’s 50 day simple moving average is C$0.54 and its 200 day simple moving average is C$0.57.

Separately, Eight Capital cut their price target on Wallbridge Mining from C$1.50 to C$1.00 and set an “outperform” rating on the stock in a report on Friday, November 12th.

About Wallbridge Mining

Wallbridge Mining Company Limited engages in the acquisition, discovery, development, and production of metals. The company primarily explores for gold, copper, and nickel deposits, as well as platinum group metals. Its flagship property is the Fenelon gold property located in the province of Quebec, Canada.

Further Reading: History of the Euro STOXX 50 Index

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