Wealth Minerals (CVE:WML) Stock Price Down 21.1% - Here's What Happened

Key Points

• Wealth Minerals Ltd. saw a significant stock price drop of 21.1%, trading as low as C$0.14 before closing at C$0.15.
• The trading volume increased by 374% compared to its average daily volume, with approximately 673,529 shares traded during this period.
• The company's market capitalization stands at C$50.73 million, with a debt-to-equity ratio of 0.07 and a current ratio of 15.96.

Wealth Minerals Ltd. (CVE:WML - )'s share price dropped 21.1% on Tuesday . The company traded as low as C$0.14 and last traded at C$0.15. Approximately 673,529 shares were traded during mid-day trading, an increase of 374% from the average daily volume of 142,127 shares. The stock had previously closed at C$0.19.

Wealth Minerals Price Performance

The stock's 50 day moving average price is C$0.08 and its two-hundred day moving average price is C$0.06. The company has a debt-to-equity ratio of 0.07, a current ratio of 15.96 and a quick ratio of 4.30. The firm has a market capitalization of C$50.73 million, a price-to-earnings ratio of -0.93 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.