Wealth Minerals (CVE:WML) Trading Down 13.3% – What’s Next?

Wealth Minerals Ltd. (CVE:WMLGet Free Report)’s stock price dropped 13.3% during trading on Friday . The company traded as low as C$0.06 and last traded at C$0.07. Approximately 405,300 shares changed hands during trading, an increase of 165% from the average daily volume of 152,702 shares. The stock had previously closed at C$0.08.

Wealth Minerals Trading Down 20.0%

The stock’s 50-day moving average price is C$0.12 and its 200 day moving average price is C$0.08. The company has a debt-to-equity ratio of 0.07, a current ratio of 15.96 and a quick ratio of 4.30. The firm has a market capitalization of C$21.74 million, a PE ratio of -0.46 and a beta of 1.77.

Wealth Minerals Company Profile

(Get Free Report)

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.

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