Wealth Minerals (CVE:WML) Trading 42.3% Higher - Here's What Happened

Key Points

• Wealth Minerals Ltd. shares surged by 42.3% on Tuesday, trading as high as C$0.22, with an increased trading volume of approximately 1.26 million shares.
• The company is involved in acquiring and exploring mineral properties in several countries, primarily focusing on lithium and precious metals in the Atacama Salar region of Chile.
• Wealth Minerals has a current market capitalization of C$63.25 million and a low debt-to-equity ratio of 0.07, indicating a strong financial position.

Shares of Wealth Minerals Ltd. (CVE:WML - ) were up 42.3% 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 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 price-to-earnings 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 has a fifty day moving average of C$0.07 and a 200-day moving average of 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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