Wealth Minerals (CVE:WML) Trading Down 26.3% - Should You Sell?

Key Points

• Wealth Minerals Ltd. saw its stock price plummet by 26.3% on Tuesday, trading at a low of C$0.14.
• The stock's trading volume increased significantly by 435% compared to the average session, with 764,529 shares changing hands.
• Wealth Minerals focuses on mineral exploration, particularly lithium, with its flagship project being the Yapuckuta project located in northern Chile.

Wealth Minerals Ltd. (CVE:WML - )'s stock price fell 26.3% on Tuesday . The stock traded as low as C$0.14 and last traded at C$0.14. 764,529 shares traded 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 Price Performance

The company has a quick ratio of 4.30, a current ratio of 15.96 and a debt-to-equity ratio of 0.07. The firm has a fifty day moving average price of C$0.08 and a two-hundred day moving average price of C$0.06. The stock has a market capitalization 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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