Wealth Minerals (CVE:WML) Shares Up 42.3% - Here's Why

Key Points

• Wealth Minerals Ltd. (CVE:WML) shares surged 42.3% during trading on Tuesday, reaching a highest price of C$0.22 before closing at C$0.19.
• Trading volume increased by 828% from the average, with over 1.25 million shares traded.
• The company is focused on the acquisition and development of mineral properties, primarily exploring for lithium, precious metals, and copper in regions including Chile and Canada.

Wealth Minerals Ltd. (CVE:WML - ) traded up 42.3% on Tuesday . The stock traded as high as C$0.22 and last traded at C$0.19. 1,258,870 shares changed hands during mid-day trading, an increase of 828% from the average session volume of 135,706 shares. The stock had previously closed at C$0.13.

Wealth Minerals Stock Performance

The firm has a fifty day moving average of C$0.07 and a 200-day 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 stock has a market capitalization of C$63.25 million, a price-to-earnings ratio of -1.23 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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