Wealth Minerals (CVE:WML) Trading Down 15% – Time to Sell?

Shares of Wealth Minerals Ltd. (CVE:WMLGet Free Report) were down 15% during mid-day trading on Wednesday . The stock traded as low as C$0.09 and last traded at C$0.09. Approximately 277,309 shares were traded during mid-day trading, a decline of 32% from the average daily volume of 405,661 shares. The stock had previously closed at C$0.10.

Wealth Minerals Price Performance

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 stock has a market capitalization of C$30.80 million, a P/E ratio of -0.65 and a beta of 2.58. The stock’s fifty day moving average is C$0.08 and its 200-day moving average is C$0.08.

About Wealth Minerals

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

Further Reading

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