Wealth Minerals (CVE:WML) Trading Up 53.8% - Here's Why

Key Points

• Wealth Minerals Ltd. saw its stock price surge by 53.8% during midday trading, reaching as high as C$0.21.
• The trading volume increased significantly by 572%, with approximately 883,645 shares changing hands compared to the average daily volume of 131,553 shares.
• Wealth Minerals is focused on exploring minerals, particularly lithium, and has a flagship project in the Atacama Salar in Chile.

Wealth Minerals Ltd. (CVE:WML - )'s stock price was up 53.8% during mid-day trading on Tuesday . The stock traded as high as C$0.21 and last traded at C$0.20. Approximately 883,645 shares traded hands during trading, an increase of 572% from the average daily volume of 131,553 shares. The stock had previously closed at C$0.13.

Wealth Minerals Trading Up 42.3%

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 fifty day moving average of C$0.07 and a 200-day moving average of C$0.05. The firm has a market capitalization of C$63.25 million, a PE ratio of -1.23 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.

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.