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

Key Points

• Wealth Minerals Ltd. (CVE:WML) saw its stock price surge by 42.3% during mid-day trading, reaching a high of C$0.22 before closing at C$0.19.
• The company's trading volume increased by 828% compared to its average, with approximately 1.26 million shares traded on that day.
• Wealth Minerals specializes in the acquisition and development of mineral properties, primarily focusing on lithium exploration in regions like Chile, Peru, and Mexico.

Wealth Minerals Ltd. (CVE:WML - )'s stock price was up 42.3% during mid-day trading on Tuesday . The stock traded as high as C$0.22 and last traded at C$0.19. Approximately 1,258,870 shares were traded during mid-day 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 Stock Performance

The company has a debt-to-equity ratio of 0.07, a current ratio of 15.96 and a quick ratio of 4.30. The company has a market capitalization of C$63.25 million, a price-to-earnings ratio of -1.23 and a beta of 0.88. The stock has a 50-day moving average price of C$0.07 and a 200-day moving average price of 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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