Wealth Minerals (CVE:WML) Stock Price Down 26.3% - Time to Sell?

Key Points

• Wealth Minerals Ltd. shares experienced a sharp decline of 26.3%, trading down to C$0.14, with a significant increase in trading volume compared to average levels.
• The company focuses on the acquisition, exploration, and development of mineral properties, primarily targeting lithium and copper deposits across multiple countries.
• Wealth Minerals holds the Yapuckuta project, its flagship property in northern Chile, encompassing 144 exploration concessions over approximately 46,200 hectares.

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

Wealth Minerals Price Performance

The business has a fifty day moving average of C$0.08 and a 200-day moving average of C$0.06. 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 current ratio of 15.96, a quick ratio of 4.30 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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