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Wealth Minerals (CVE:WML) Shares Up 42.3% - Still a Buy?

Wealth Minerals logo with Basic Materials background

Key Points

  • Wealth Minerals Ltd. saw its stock price increase by 42.3%, reaching a high of C$0.22 during trading, significantly above its previous close of C$0.13.
  • The trading volume increased by 828%, totaling 1,258,870 shares exchanged, in contrast to the average session volume of just 135,706 shares.
  • Wealth Minerals focuses on exploring and developing mineral properties, primarily lithium, in regions such as Canada, Chile, Peru, and Mexico, with its flagship Yapuckuta project in northern Chile.
  • Five stocks to consider instead of Wealth Minerals.

Wealth Minerals Ltd. (CVE:WML - Get Free Report)'s stock price shot up 42.3% during trading on Wednesday . 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 Trading Up 42.3%

The company has a current ratio of 15.96, a quick ratio of 4.30 and a debt-to-equity ratio of 0.07. The firm has a market cap of C$63.25 million, a PE ratio of -1.23 and a beta of 0.88. The company's 50-day moving average is C$0.07 and its 200 day moving average is C$0.06.

Wealth Minerals Company Profile

(Get Free Report)

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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