Wealth Minerals (CVE:WML) Shares Up 42.3% - Should You Buy?

Key Points

• Wealth Minerals Ltd. shares surged by 42.3% during mid-day trading, reaching a high of C$0.22 before closing at C$0.19.
• The stock volume increased significantly, with 1,258,870 shares traded, marking an 828% increase from its average session volume.
• Wealth Minerals focuses on the exploration and development of lithium and other mineral properties, with its flagship project located in the Atacama Salar region of Chile.

Wealth Minerals Ltd. (CVE:WML - )'s share price shot up 42.3% during mid-day trading on Wednesday . The company traded as high as C$0.22 and last traded at C$0.19. 1,258,870 shares were traded 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 Up 42.3%

The stock has a 50 day moving average of C$0.07 and a 200-day moving average of C$0.06. The firm has a market capitalization of C$63.25 million, a P/E ratio of -1.23 and a beta of 0.88. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.30 and a current ratio of 15.96.

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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