Wealth Minerals (CVE:WML) Trading Down 18.9% - What's Next?

Key Points

• Wealth Minerals Ltd. experienced a significant decline of 18.9% in stock price, dropping from C$0.19 to C$0.15 amidst an increase in trading volume.
• The company's current financial metrics include a market capitalization of C$51.29 million and a debt-to-equity ratio of 0.07, indicating a low level of debt.
• Wealth Minerals primarily focuses on lithium exploration and owns the Yapuckuta project, which encompasses 144 exploration concessions in northern Chile's Atacama Salar.

Wealth Minerals Ltd. (CVE:WML - ) was down 18.9% on Wednesday . The stock traded as low as C$0.14 and last traded at C$0.15. Approximately 356,429 shares were traded during trading, an increase of 160% from the average daily volume of 136,923 shares. The stock had previously closed at C$0.19.

Wealth Minerals Trading Down 18.9%

The company has a fifty day simple moving average of C$0.07 and a two-hundred day simple moving average of C$0.06. 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 company has a market capitalization of C$51.29 million, a P/E ratio of -1.00 and a beta of 0.88.

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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