Wealth Minerals (CVE:WML) Shares Down 17.6% – What’s Next?

by · The Markets Daily

Wealth Minerals Ltd. (CVE:WML – Get Free Report)’s stock price dropped 17.6% during trading on Thursday . 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 Price Performance

The company has a debt-to-equity ratio of 0.07, a current ratio of 15.96 and a quick ratio of 4.30. The stock’s 50 day moving average price is C$0.11 and its two-hundred day moving average price is C$0.08. The firm has a market capitalization of C$23.55 million, a price-to-earnings ratio of -0.50 and a beta of 1.77.

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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