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

Key Points

• Wealth Minerals Ltd.'s stock price fell by 26.3% on Wednesday, trading at C$0.14, significantly lower than its previous close of C$0.19.
• Trading volume increased by 435% compared to the average daily volume, with approximately 764,529 shares changing hands.
• The company specializes in mining operations for lithium, precious metals, and copper, with its flagship Yapuckuta project located in Chile.

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

Wealth Minerals Price Performance

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's 50 day moving average price is C$0.08 and its 200 day moving average price is C$0.06. The firm has a market capitalization of C$48.92 million, a P/E ratio of -0.90 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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