Wealth Minerals (CVE:WML) Shares Up 11.1% – Here’s Why

Wealth Minerals Ltd. (CVE:WML) rose 11.1% during trading on Monday . The stock traded as high as C$0.05 and last traded at C$0.05. Approximately 122,656 shares were traded during mid-day trading, an increase of 20% from the average daily volume of 102,519 shares. The stock had previously closed at C$0.05.

Wealth Minerals Stock Up 11.1 %

The company’s fifty day simple moving average is C$0.06 and its 200 day simple moving average is C$0.09. The firm has a market capitalization of C$16.80 million, a P/E ratio of -1.67 and a beta of 0.55. The company has a current ratio of 15.96, a quick ratio of 4.30 and a debt-to-equity ratio of 0.07.

About Wealth Minerals

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.