Wealth Minerals (CVE:WML) Trading Down 26.3% - Time to Sell?

Key Points

• Wealth Minerals Ltd. (CVE:WML) experienced a significant decline of 26.3% in share price, trading at C$0.14 during mid-day on Wednesday.
• The stock saw a notable increase in trading volume, with 764,529 shares exchanged, which is 435% higher than the average volume.
• The company focuses on the acquisition and development of mineral properties, primarily exploring for lithium, precious metals, and copper across several countries including Canada, Chile, and Peru.

Shares of Wealth Minerals Ltd. (CVE:WML - ) fell 26.3% during mid-day trading on Wednesday . The company traded as low as C$0.14 and last traded at C$0.14. 764,529 shares were traded during mid-day 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 stock has a market capitalization of C$50.73 million, a PE ratio of -0.93 and a beta of 0.88. The company has a current ratio of 15.96, a quick ratio of 4.30 and a debt-to-equity ratio of 0.07. The stock has a 50 day moving average price of C$0.08 and a 200-day moving average price of C$0.06.

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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