Wealth Minerals (CVE:WML) Shares Down 26.3% - Here's What Happened

Key Points

• Wealth Minerals Ltd. experienced a significant share price decline of 26.3%, trading as low as C$0.14, with a trading volume that exceeded the average by 435%.
• The company's market capitalization stands at C$50.73 million and it operates with a debt-to-equity ratio of 0.07, indicating a strong financial position.
• Wealth Minerals primarily focuses on lithium exploration and holds the Yapuckuta project in Chile, among its mineral properties across four countries.

Shares of Wealth Minerals Ltd. (CVE:WML - ) dropped 26.3% on Tuesday . The stock traded as low as C$0.14 and last traded at C$0.14. Approximately 764,529 shares traded hands during mid-day trading, an increase of 435% from the average daily volume of 142,798 shares. The stock had previously closed at C$0.19.

Wealth Minerals Stock Performance

The company has a 50-day simple moving average of C$0.08 and a two-hundred day simple moving average of C$0.06. 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 firm has a market cap of C$50.73 million, a PE ratio of -0.93 and a beta of 0.88.

Wealth Minerals Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.