Wealth Minerals (CVE:WML) Stock Price Down 18.9% - Here's Why

Key Points

• Wealth Minerals Ltd. saw a significant stock price decline of 18.9% on Wednesday, closing at C$0.15 after trading as low as C$0.14.
• The company's trading volume increased dramatically by 161%, with approximately 357,929 shares exchanged compared to the average daily volume of 137,053 shares.
• Wealth Minerals primarily focuses on the acquisition and exploration of lithium and other mineral properties in countries including Canada, Chile, Peru, and Mexico.

Wealth Minerals Ltd. (CVE:WML - ) dropped 18.9% on Wednesday . The stock traded as low as C$0.14 and last traded at C$0.15. Approximately 357,929 shares changed hands during trading, an increase of 161% from the average daily volume of 137,053 shares. The stock had previously closed at C$0.19.

Wealth Minerals Trading Down 16.2%

The company has a market cap of C$53.00 million, a PE ratio of -1.03 and a beta of 0.88. 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 company has a fifty day simple moving average of C$0.07 and a two-hundred day simple 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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