Wealth Minerals (CVE:WML) Trading Up 42.3% - Still a Buy?

Key Points

• Wealth Minerals Ltd. shares surged by 42.3% to C$0.19, significantly increasing trading volume to over 1.25 million shares from an average of 135,706.
• The company's market cap stands at C$63.25 million, with a concerning P/E ratio of -1.23, indicating potential financial instability.
• Wealth Minerals primarily focuses on lithium exploration and development, with its flagship Yapuckuta project located in the Atacama Salar region of northern Chile.

Shares of Wealth Minerals Ltd. (CVE:WML - ) traded up 42.3% on Tuesday . The company traded as high as C$0.22 and last traded at C$0.19. 1,258,870 shares traded hands during trading, an increase of 828% from the average session volume of 135,706 shares. The stock had previously closed at C$0.13.

Wealth Minerals Stock Performance

The business's 50 day simple moving average is C$0.07 and its 200 day simple moving average is C$0.05. The company has a market cap of C$63.25 million, a P/E ratio of -1.23 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.

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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