Wealth Minerals (CVE:WML) Trading Down 21.1% - Here's What Happened

Key Points

• Wealth Minerals Ltd. shares dropped 21.1% during mid-day trading, with the stock trading as low as C$0.14 before closing at C$0.15.
• Trading volume surged to approximately 673,529 shares, a 374% increase from the average daily volume of 142,127 shares.
• The company primarily explores for lithium and has a flagship property in the Atacama Salar, Chile, covering approximately 46,200 hectares.

Wealth Minerals Ltd. (CVE:WML - ) shares dropped 21.1% during mid-day trading on Tuesday . The stock traded as low as C$0.14 and last traded at C$0.15. Approximately 673,529 shares traded hands during mid-day trading, an increase of 374% from the average daily volume of 142,127 shares. The stock had previously closed at C$0.19.

Wealth Minerals Trading Down 26.3%

The company has a 50-day simple moving average of C$0.08 and a 200-day simple moving average of C$0.06. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.30 and a current ratio of 15.96. The stock has a market cap of C$50.73 million, a P/E ratio of -0.93 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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