Wealth Minerals (CVE:WML) Shares Down 26.3% - Should You Sell?

Key Points

• Wealth Minerals Ltd. shares fell dramatically by 26.3% to trade at C$0.14 on Tuesday, with trading volume increasing by 435% compared to the average.
• The company has a market cap of C$50.73 million and a P/E ratio of -0.93, indicating negative earnings.
• Wealth Minerals primarily focuses on the acquisition and development of lithium, precious metals, and copper deposits in various countries including Canada, Chile, Peru, and Mexico.

Wealth Minerals Ltd. (CVE:WML - ) shares were down 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 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 Down 26.3%

The company has a market cap of C$50.73 million, a P/E ratio of -0.93 and a beta of 0.88. 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 company's 50-day moving average is C$0.08 and its two-hundred day moving average is C$0.06.

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.

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