Wealth Minerals Ltd (CVE:WML)’s share price fell 16% during mid-day trading on Monday . The company traded as low as C$0.40 and last traded at C$0.42. 322,148 shares traded hands during mid-day trading, an increase of 92% from the average session volume of 167,545 shares. The stock had previously closed at C$0.50.
Separately, Fundamental Research lowered their price target on shares of Wealth Minerals from C$1.93 to C$0.87 and set a “buy” rating on the stock in a report on Friday, November 2nd.
Wealth Minerals (CVE:WML) last issued its quarterly earnings results on Tuesday, October 30th. The company reported C($0.03) earnings per share for the quarter, missing the consensus estimate of C($0.02) by C($0.01).
About Wealth Minerals (CVE:WML)
Wealth Minerals Ltd., a junior mineral resource exploration company, engages in the acquisition, exploration, and development of mineral properties in Chile, British Columbia, Peru, and Mexico. The company primarily explores for lithium, as well as for precious metal, copper, gold, and silver deposits.
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