Shares of Wallbridge Mining Co Ltd (TSX: WM), engaged in the acquisition, exploration and discovery of polymetallic mineral deposits, primarily those containing nickel-copper and platinum group elements, recorded over 20.0% gain during each of the past two consecutive trading sessions with significant number of shares exchanging hands. During the last trading session WM gained 20.0% and closed at C$0.06, while recording significant trading volumes of 322,955 shares. Recently, WM announced that it has repaid its debts to its major creditors with the proceeds from the sale of its then remaining 5,075,060 shares in the capital of Duluth (Duluth Metals Limited was acquired by Antofagasta Investment Company Limited). During the past 5-trading sessions, WM gained 33.3% with daily average trading volumes of 106,380 shares, while the stock accumulated 20.0% gain during the past one month with daily average trading volumes of 66,232 shares. The stock is up 20.0% year-to-date.
Company Description:
Wallbridge Mining Company Limited (TSX: WM) acquires and explores mineral properties. The company currently holds interests in properties located in Ontario, Canada, and in Minnesota in the United States. Wallbridge is exploring for nickel, copper and platinum group elements.
1-Year Stock Chart:
Source: Bloomberg
