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Wealth Minerals (CVE:WML) Stock Price Up 23.1% - Time to Buy?

Wealth Minerals logo with Basic Materials background

Key Points

  • Wealth Minerals Ltd. (CVE:WML) shares increased by 23.1% on Tuesday, reaching a high of C$0.19 before settling at C$0.16.
  • The stock's trading volume surged by 143%, with approximately 315,150 shares exchanged compared to an average of 129,870 shares.
  • Wealth Minerals primarily focuses on lithium exploration, with its flagship project located in the Atacama Salar region of northern Chile, covering around 46,200 hectares.
  • MarketBeat previews top five stocks to own in October.

Wealth Minerals Ltd. (CVE:WML - Get Free Report) shares rose 23.1% during mid-day trading on Tuesday . The stock traded as high as C$0.19 and last traded at C$0.16. Approximately 315,150 shares changed hands during mid-day trading, an increase of 143% from the average daily volume of 129,870 shares. The stock had previously closed at C$0.13.

Wealth Minerals Stock Performance

The firm has a market capitalization of C$64.96 million, a price-to-earnings ratio of -1.27 and a beta of 0.88. The stock's 50 day moving average price is C$0.07 and its two-hundred day moving average price is C$0.05. 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

(Get Free Report)

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.

See Also

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