Wealth Minerals (CVE:WML) Stock Price Down 26.3% - Here's What Happened

Key Points

• Shares of Wealth Minerals Ltd. (CVE:WML) dropped by 26.3% during trading, closing at C$0.14 after a previous close of C$0.19.
• Trading volume increased significantly to 764,529 shares, a 435% rise compared to the average volume of 142,798 shares.
• The company specializes in the acquisition and development of mineral properties, focusing on lithium, precious metals, and copper in regions including Canada and Chile.

Shares of Wealth Minerals Ltd. (CVE:WML - ) fell 26.3% during trading on Tuesday . The company traded as low as C$0.14 and last traded at C$0.14. 764,529 shares changed hands during mid-day trading, an increase of 435% from the average session volume of 142,798 shares. The stock had previously closed at C$0.19.

Wealth Minerals Price Performance

The business's 50-day moving average price is C$0.08 and its 200 day moving average price is C$0.06. The company has a market capitalization of C$50.73 million, a P/E ratio of -0.93 and a beta of 0.88. The company has a quick ratio of 4.30, a current ratio of 15.96 and a debt-to-equity ratio of 0.07.

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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