Wealth Minerals (CVE:WML) Trading Down 10% – Here’s Why

Wealth Minerals Ltd. (CVE:WML)’s stock price fell 10% during trading on Wednesday . The company traded as low as C$0.09 and last traded at C$0.09. 160,607 shares changed hands during mid-day trading, a decline of 57% from the average session volume of 374,972 shares. The stock had previously closed at C$0.10.

Wealth Minerals Price Performance

The company has a market capitalization of C$32.61 million, a PE ratio of -0.69 and a beta of 2.58. The company has a quick ratio of 4.30, a current ratio of 15.96 and a debt-to-equity ratio of 0.07. The firm’s 50-day moving average is C$0.08 and its 200-day moving average is C$0.08.

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. Wealth Minerals Ltd. was incorporated in 1994 and is headquartered in Vancouver, Canada.