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Wealth Minerals (CVE:WML) Trading 42.3% Higher - Still a Buy?

Wealth Minerals logo with Basic Materials background

Key Points

  • Wealth Minerals Ltd. (CVE:WML) saw a 42.3% increase in share price, rising from C$0.13 to C$0.19 during trading, with a significant volume of approximately 1,258,870 shares traded.
  • The company boasts a low debt-to-equity ratio of 0.07 and a current ratio of 15.96, indicating strong liquidity and a solid financial position.
  • Wealth Minerals primarily focuses on acquiring and developing mineral properties, with a strong emphasis on lithium exploration in regions including Chile and Peru.
  • Five stocks to consider instead of Wealth Minerals.

Wealth Minerals Ltd. (CVE:WML - Get Free Report)'s share price rose 42.3% during 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 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 quick ratio of 4.30 and a current ratio of 15.96. The stock has a fifty day simple moving average of C$0.07 and a two-hundred day simple moving average of C$0.06. The stock has a market cap of C$63.25 million, a PE ratio of -1.23 and a beta of 0.88.

Wealth Minerals Company Profile

(Get Free Report)

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.

See Also

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