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

Key Points

• Wealth Minerals Ltd. saw a significant stock price increase of 42.3%, trading as high as C$0.22 before settling at C$0.19 on Wednesday.
• The trading volume reached 1,258,870 shares, an increase of 828% compared to its average session volume of 135,706 shares.
• The company focuses on the exploration and development of mineral properties, primarily targeting lithium and precious metals, with its flagship asset being the Yapuckuta project in northern Chile.

Wealth Minerals Ltd. (CVE:WML - ) rose 42.3% on Wednesday . The stock traded as high as C$0.22 and last traded at C$0.19. Approximately 1,258,870 shares traded hands 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 Stock Up 42.3%

The company has a market cap of C$63.25 million, a P/E ratio of -1.23 and a beta of 0.88. 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 business's 50 day moving average price is C$0.07 and its 200-day moving average price is C$0.06.

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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