Wealth Minerals (CVE:WML) Stock Price Down 20% – Time to Sell?

by · The Markets Daily

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

Wealth Minerals Stock Performance

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’s 50 day moving average price is C$0.11 and its 200-day moving average price is C$0.08. The company has a market cap of C$23.55 million, a PE ratio of -0.50 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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