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

by · The Markets Daily

Wealth Minerals Ltd. (CVE:WML – Get Free Report) shares dropped 17.6% during trading on Wednesday . The stock traded as low as C$0.07 and last traded at C$0.07. Approximately 133,635 shares were traded during 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 Performance

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 company has a market cap of C$23.55 million, a price-to-earnings ratio of -0.50 and a beta of 1.77. The firm has a 50-day simple moving average of C$0.11 and a 200 day simple moving average of C$0.08.

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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