Wealth Minerals (CVE:WML) Shares Down 17.6% – Here’s Why

by · The Cerbat Gem

Wealth Minerals Ltd. (CVE:WML – Get Free Report)’s share price dropped 17.6% on Wednesday . The company traded as low as C$0.07 and last traded at C$0.07. Approximately 133,635 shares changed hands during mid-day 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 Stock Down 17.6%

The firm’s 50-day simple moving average is C$0.12 and its 200-day simple moving average is C$0.08. 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 company has a market capitalization of C$25.37 million, a price-to-earnings ratio of -0.54 and a beta of 1.77.

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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