Wealth Minerals (CVE:WML) Trading Down 17.6% – Here’s What Happened

Wealth Minerals Ltd. (CVE:WML)’s stock price dropped 17.6% during mid-day trading on Wednesday . The stock traded as low as C$0.07 and last traded at C$0.07. Approximately 133,635 shares were traded during trading, a decline of 12% from the average daily volume of 152,690 shares. The stock had previously closed at C$0.09.

Wealth Minerals Price Performance

The firm has a market cap of C$25.37 million, a P/E ratio of -0.54 and a beta of 1.77. The company has a fifty day moving average of C$0.12 and a 200-day moving average of 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.

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.