Wealth Minerals (CVE:WML) Trading Down 20% – Should You Sell?

by · The Cerbat Gem

Wealth Minerals Ltd. (CVE:WML – Get Free Report)’s stock price traded down 20% during mid-day trading on Friday . The company traded as low as C$0.06 and last traded at C$0.06. 408,300 shares traded hands during trading, an increase of 167% from the average session volume of 153,195 shares. The stock had previously closed at C$0.08.

Wealth Minerals Trading Down 20.0%

The stock has a 50 day moving average of C$0.12 and a 200-day moving average of C$0.08. The company has a market capitalization of C$21.74 million, a P/E ratio of -0.46 and a beta of 1.77. The company has a current ratio of 15.96, a quick ratio of 4.30 and a debt-to-equity ratio of 0.07.

Wealth Minerals Company Profile

(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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