Wealth Minerals (CVE:WML) Stock Price Up 46.2% - Time to Buy?

Key Points

• Wealth Minerals Ltd. stock increased by 46.2% during Tuesday's trading, reaching a high of C$0.22 before closing at C$0.19.
• The trading volume surged to approximately 1,140,663 shares, a 746% increase from the average daily volume.
• The company focuses on the acquisition and development of mineral properties, particularly for lithium, precious metals, and copper, with its flagship project located in Chile.

Wealth Minerals Ltd. (CVE:WML - ) rose 46.2% during trading on Tuesday . The company traded as high as C$0.22 and last traded at C$0.19. Approximately 1,140,663 shares changed hands during trading, an increase of 746% from the average daily volume of 134,848 shares. The stock had previously closed at C$0.13.

Wealth Minerals Stock Up 42.3%

The company has a current ratio of 15.96, a quick ratio of 4.30 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of C$63.25 million, a P/E ratio of -1.23 and a beta of 0.88. The stock's 50 day simple moving average is C$0.07 and its 200 day simple moving average is C$0.05.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.