Wealth Minerals (CVE:WML) Trading Down 26.3% - Here's Why

Key Points

• Wealth Minerals Ltd. experienced a significant drop of 26.3% in share price, trading at C$0.14 after previously closing at C$0.19.
• The trading volume surged to 764,529 shares, marking an increase of 435% compared to its average session volume.
• Wealth Minerals primarily focuses on the acquisition and exploration of mineral properties, particularly lithium, across Canada, Chile, Peru, and Mexico, with its flagship property being the Yapuckuta project in Chile.

Shares of Wealth Minerals Ltd. (CVE:WML - ) fell 26.3% on Wednesday . The stock traded as low as C$0.14 and last traded at C$0.14. 764,529 shares changed hands during trading, an increase of 435% from the average session volume of 142,798 shares. The stock had previously closed at C$0.19.

Wealth Minerals Trading Down 26.3%

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 cap of C$50.73 million, a PE ratio of -0.93 and a beta of 0.88. The company's 50 day simple moving average is C$0.08 and its two-hundred day simple moving average is C$0.06.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.