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Wealth Minerals (CVE:WML) Trading Down 18.9% - Should You Sell?

Wealth Minerals logo with Basic Materials background

Key Points

  • Wealth Minerals Ltd. (CVE:WML) shares plummeted by 18.9% on Wednesday, trading at C$0.15 after a low of C$0.14, with significant volume increasing by 136% compared to its average daily trading.
  • The company, with a market capitalization of C$51.29 million, focuses on the exploration and development of lithium and other minerals across Canada, Chile, Peru, and Mexico, including its flagship Yapuckuta project in Chile.
  • Wealth Minerals has a price-to-earnings ratio of -1.00, reflecting its current financial challenges, and maintains a healthy current ratio of 15.96.
  • Interested in Wealth Minerals? Here are five stocks we like better.

Wealth Minerals Ltd. (CVE:WML - Get Free Report) shares were down 18.9% on Wednesday . The stock traded as low as C$0.14 and last traded at C$0.15. Approximately 323,429 shares were traded during mid-day trading, an increase of 136% from the average daily volume of 136,777 shares. The stock had previously closed at C$0.19.

Wealth Minerals Trading Down 18.9%

The stock has a market capitalization of C$51.29 million, a price-to-earnings ratio of -1.00 and a beta of 0.88. The company has a fifty day moving average of C$0.07 and a two-hundred day moving average of C$0.06. The company has a current ratio of 15.96, a quick ratio of 4.30 and a debt-to-equity ratio of 0.07.

About Wealth Minerals

(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.

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