Wealth Minerals (CVE:WML) Stock Price Down 26.7% – Here’s Why

Wealth Minerals Ltd. (CVE:WMLGet Free Report)’s stock price traded down 26.7% on Tuesday . The company traded as low as C$0.11 and last traded at C$0.11. 1,697,075 shares traded hands during mid-day trading, an increase of 983% from the average session volume of 156,688 shares. The stock had previously closed at C$0.15.

Wealth Minerals Trading Down 26.7%

The stock has a 50-day simple moving average of C$0.11 and a two-hundred day simple moving average of C$0.07. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.30 and a current ratio of 15.96. The firm has a market cap of C$39.86 million, a PE ratio of -0.73 and a beta of 1.85.

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.

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