Wealth Minerals (CVE:WML) Stock Price Up 22.2% – What’s Next?

Wealth Minerals Ltd. (CVE:WML)’s stock price shot up 22.2% during trading on Friday . The company traded as high as C$0.06 and last traded at C$0.06. 285,244 shares changed hands during mid-day trading, an increase of 158% from the average session volume of 110,405 shares. The stock had previously closed at C$0.05.

Wealth Minerals Stock Up 22.2%

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 stock has a market cap of C$18.48 million, a P/E ratio of -1.83 and a beta of 0.55. The business has a 50-day simple moving average of C$0.05 and a 200-day simple moving average of C$0.06.

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.