Wealth Minerals (CVE:WML) Trading Down 18.9% - Here's What Happened

Key Points

• Wealth Minerals Ltd. saw its stock price drop by 18.9%, trading as low as C$0.14 before closing at C$0.15, with trading volume increasing significantly to 301,428 shares.
• The company maintains a strong financial position with a debt-to-equity ratio of 0.07 and a current ratio of 15.96, indicating its ability to cover short-term obligations.
• Wealth Minerals primarily focuses on the exploration and development of lithium and other mineral properties across Canada, Chile, Peru, and Mexico, with their flagship project located in northern Chile.

Wealth Minerals Ltd. (CVE:WML - )'s stock price traded down 18.9% on Wednesday . The stock traded as low as C$0.14 and last traded at C$0.15. 301,428 shares were traded during mid-day trading, an increase of 121% from the average session volume of 136,450 shares. The stock had previously closed at C$0.19.

Wealth Minerals Stock Down 18.9%

The company has a debt-to-equity ratio of 0.07, a current ratio of 15.96 and a quick ratio of 4.30. The firm's 50 day moving average is C$0.07 and its two-hundred day moving average is C$0.06. The firm has a market capitalization of C$51.29 million, a P/E ratio of -1.00 and a beta of 0.88.

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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