Wealth Minerals (CVE:WML) Trading Down 26.7% – Here’s Why

Wealth Minerals Ltd. (CVE:WML)’s share price fell 26.7% during mid-day trading on Tuesday . The company traded as low as C$0.11 and last traded at C$0.11. 1,697,075 shares were traded during trading, an increase of 983% from the average session volume of 156,688 shares. The stock had previously closed at C$0.15.

Wealth Minerals Trading Down 26.7%

The stock has a 50 day simple moving average of C$0.11 and a 200-day simple moving average of C$0.07. The firm has a market capitalization of C$39.86 million, a P/E ratio of -0.73 and a beta of 1.85. The company has a current ratio of 15.96, a quick ratio of 4.30 and a debt-to-equity ratio of 0.07.

Wealth Minerals Company Profile

Wealth Minerals Ltd. engages in the acquisition, exploration, and development of mineral properties in Canada, Chile, Peru, and Mexico. The company primarily explores for lithium, as well as precious metals and copper deposits. Its flagship property comprises the 100% owned Yapuckuta project that consists of 144 exploration concessions covering an area of approximately 46,200 hectares located in the Atacama Salar in Region II of Antofagasta, northern Chile.