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

Key Points

• Wealth Minerals Ltd. (CVE:WML) experienced a significant share price increase of 42.3% during trading, reaching as high as C$0.22.
• The company has a strong financial position with a quick ratio of 4.30, a current ratio of 15.96, and a low debt-to-equity ratio of 0.07.
• Wealth Minerals focuses on the exploration and development of mineral properties, primarily lithium, in regions including Canada, Chile, Peru, and Mexico.

Wealth Minerals Ltd. (CVE:WML - )'s share price rose 42.3% during trading on Wednesday . The company traded as high as C$0.22 and last traded at C$0.19. Approximately 1,258,870 shares changed hands during mid-day 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 quick ratio of 4.30, a current ratio of 15.96 and a debt-to-equity ratio of 0.07. 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 fifty day moving average of C$0.07 and a 200 day moving average of C$0.06.

Wealth Minerals Company Profile

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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