Wealth Minerals (CVE:WML) Shares Down 26.3% - Time to Sell?

Key Points

• Wealth Minerals Ltd. saw its stock price decline by 26.3%, closing at C$0.14 amidst a significant increase in trading volume of 435% compared to its average.
• The company has a low debt-to-equity ratio of 0.07 and boasts a strong liquidity position, indicated by a quick ratio of 4.30 and a current ratio of 15.96.
• Wealth Minerals focuses on the acquisition and development of mineral properties, primarily exploring for lithium and precious metals in regions across Canada, Chile, Peru, and Mexico.

Wealth Minerals Ltd. (CVE:WML - )'s share price traded down 26.3% on Wednesday . The company traded as low as C$0.14 and last traded at C$0.14. 764,529 shares changed hands during mid-day trading, an increase of 435% from the average session volume of 142,798 shares. The stock had previously closed at C$0.19.

Wealth Minerals Stock Down 3.6%

The stock has a market cap of C$48.92 million, a price-to-earnings ratio of -0.90 and a beta of 0.88. 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 stock has a fifty day moving average of C$0.08 and a two-hundred day moving average of C$0.06.

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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