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

Key Points

• Wealth Minerals Ltd. shares fell 26.3% to C$0.14, with trading volume increasing by 435% compared to its average daily volume.
• The company's market capitalization stands at C$50.73 million, with a very low price-to-earnings ratio of -0.93.
• Wealth Minerals is primarily focused on exploring for lithium and other minerals across several countries including Canada, Chile, Peru, and Mexico.

Wealth Minerals Ltd. (CVE:WML - ) shares were down 26.3% during trading on Wednesday . 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 debt-to-equity ratio of 0.07, a current ratio of 15.96 and a quick ratio of 4.30. The firm has a fifty day simple moving average of C$0.08 and a 200 day simple moving average of C$0.06. The company has a market capitalization of C$50.73 million, a price-to-earnings ratio of -0.93 and a beta of 0.88.

About Wealth Minerals

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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