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

Key Points

• Wealth Minerals Ltd. saw its stock price fall by 26.3% on a trading day, closing at C$0.14, significantly below its previous close of C$0.19.
• The trading volume surged by 435%, with 764,529 shares changing hands, indicating heightened investor activity.
• Wealth Minerals primarily focuses on the exploration and development of lithium and other mineral properties across Canada, Chile, Peru, and Mexico, with its key asset being the Yapuckuta project in northern Chile.

Wealth Minerals Ltd. (CVE:WML - )'s share price fell 26.3% during trading on Tuesday . The stock traded as low as C$0.14 and last traded at C$0.14. 764,529 shares traded 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 Stock Down 26.3%

The company's 50-day moving average is C$0.08 and its 200 day moving average is C$0.06. The stock has a market capitalization of C$50.73 million, a PE ratio of -0.93 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.

Wealth Minerals Company Profile

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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