Wealth Minerals (CVE:WML) Trading 34.6% Higher - Time to Buy?

Key Points

• Wealth Minerals Ltd. saw its stock price increase by 34.6% on Tuesday, reaching a high of C$0.19 before closing at C$0.18, with trading volume up 267% from the average.
• The company's debt-to-equity ratio stands at 0.07, indicating strong financial health, and it has a market cap of C$63.25 million.
• Wealth Minerals primarily explores for lithium, precious metals, and copper in Canada, Chile, Peru, and Mexico, with its key project located in the Atacama Salar region of Chile.

Wealth Minerals Ltd. (CVE:WML - )'s stock price traded up 34.6% on Tuesday . The stock traded as high as C$0.19 and last traded at C$0.18. 479,650 shares traded hands during trading, an increase of 267% from the average session volume of 130,519 shares. The stock had previously closed at C$0.13.

Wealth Minerals Price Performance

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

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.