Wealth Minerals (OTCMKTS:WMLLF) Stock Short Interest Declines 46.3%

Wealth Minerals (OTCMKTS:WMLLF) was the recipient of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 91,354 shares, a drop of 46.3% from the August 31st total of 170,147 shares. Based on an average daily trading volume, of 140,166 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.0% of the shares of the company are short sold.

Wealth Minerals Price Performance

OTCMKTS WMLLF opened at $0.07 on Wednesday. Wealth Minerals has a 12 month low of $0.04 and a 12 month high of $0.15. The stock has a market cap of $26.96 million, a price-to-earnings ratio of -2.61 and a beta of 0.84. The company’s 50 day moving average is $0.05 and its two-hundred day moving average is $0.05. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.26.

Wealth Minerals (OTCMKTS:WMLLF) last issued its quarterly earnings results on Tuesday, July 28th. The company reported ($0.01) earnings per share for the quarter.

Wealth Minerals Company Profile

Wealth Minerals Ltd. is a Canada-based mineral exploration and development company focused primarily on lithium projects in Chile. The company’s activities include acquiring, evaluating and advancing mineral properties with potential to host lithium and other battery-related minerals.

Wealth Minerals has concentrated its exploration portfolio in Chile, including projects in the country’s lithium-rich salt-flat regions. Its work generally involves geological evaluation, exploration and project development rather than the production or sale of commercial lithium products.

The company is headquartered in Vancouver, British Columbia, and its shares trade in Canada under the symbol WML and in the United States on the OTC market under the symbol WMLLF.