Wealth Minerals (CVE:WML) Stock Price Up 42.3% - Here's What Happened

Key Points

• Wealth Minerals Ltd. shares surged 42.3% during mid-day trading, reaching a high of C$0.22 and closing at C$0.19.
• The trading volume increased significantly, with approximately 1,258,870 shares exchanged, an 828% increase from the average daily volume.
• The company specializes in the acquisition, exploration, and development of mineral properties, primarily focusing on lithium and other precious metals in regions including Canada, Chile, Peru, and Mexico.

Wealth Minerals Ltd. (CVE:WML - ) shares rose 42.3% during mid-day trading on Wednesday . The company traded as high as C$0.22 and last traded at C$0.19. Approximately 1,258,870 shares were traded during trading, an increase of 828% from the average daily volume of 135,706 shares. The stock had previously closed at C$0.13.

Wealth Minerals Price Performance

The stock has a market capitalization of C$63.25 million, a PE ratio of -1.23 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. The stock's 50 day moving average price is C$0.07 and its 200-day moving average price is C$0.06.

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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