Wealth Minerals (CVE:WML) Shares Down 18.2% – Here’s Why

Shares of Wealth Minerals Ltd. (CVE:WMLGet Free Report) fell 18.2% during trading on Tuesday . The company traded as low as C$0.05 and last traded at C$0.05. 341,301 shares traded hands during trading, an increase of 248% from the average session volume of 98,139 shares. The stock had previously closed at C$0.06.

Wealth Minerals Stock Down 18.2 %

The firm has a market cap of C$15.12 million, a PE ratio of -1.83 and a beta of 0.55. 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 fifty day simple moving average of C$0.07 and a two-hundred day simple moving average of C$0.10.

About Wealth Minerals

(Get Free Report)

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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