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

Key Points

• Wealth Minerals Ltd. (CVE:WML) experienced a significant drop of 21.1% in stock price, trading at C$0.15 after hitting a low of C$0.14.
• The trading volume surged to 687,029 shares, marking an increase of 383% compared to the average daily volume of 142,334 shares.
• Wealth Minerals focuses on the exploration and development of mineral properties, particularly lithium, across Canada, Chile, Peru, and Mexico.

Wealth Minerals Ltd. (CVE:WML - ) dropped 21.1% during trading on Tuesday . The stock traded as low as C$0.14 and last traded at C$0.15. Approximately 687,029 shares changed hands during trading, an increase of 383% from the average daily volume of 142,334 shares. The stock had previously closed at C$0.19.

Wealth Minerals Stock Performance

The firm has a market cap of C$50.73 million, a PE ratio of -0.93 and a beta of 0.88. The company has a 50 day simple moving average of C$0.08 and a 200-day simple moving average of 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.

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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