Wealth Minerals (CVE:WML) Trading 42.3% Higher - Time to Buy?

Key Points

• Wealth Minerals Ltd. (CVE:WML) shares surged by 42.3% during mid-day trading, increasing from a previous closing of C$0.13 to C$0.19.
• The company's trading volume hit 1,258,870 shares, an increase of 828% from the average session volume, indicating a significant rise in investor interest.
• Wealth Minerals focuses on mineral exploration in regions including Canada, Chile, Peru, and Mexico, with its flagship project being the Yapuckuta project in the Atacama Salar, Chile.

Wealth Minerals Ltd. (CVE:WML - ) shares traded up 42.3% during mid-day trading on Wednesday . The stock traded as high as C$0.22 and last traded at C$0.19. 1,258,870 shares were traded during trading, an increase of 828% from the average session volume of 135,706 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 firm has a market cap of C$63.25 million, a P/E ratio of -1.23 and a beta of 0.88. The company's 50 day simple moving average is C$0.07 and its 200-day simple moving average is 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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