Wealth Minerals (CVE:WML) Shares Down 17.6% – Should You Sell?

by · The Cerbat Gem

Shares of Wealth Minerals Ltd. (CVE:WML – Get Free Report) dropped 17.6% on Thursday . The stock traded as low as C$0.07 and last traded at C$0.07. Approximately 133,635 shares changed hands during trading, a decline of 12% from the average daily volume of 152,690 shares. The stock had previously closed at C$0.09.

Wealth Minerals Price Performance

The company’s 50-day moving average price is C$0.11 and its two-hundred day moving average price is C$0.08. The company has a market cap of C$23.55 million, a P/E ratio of -0.50 and a beta of 1.77. The company has a current ratio of 15.96, a quick ratio of 4.30 and a debt-to-equity ratio of 0.07.

Wealth Minerals Company Profile

(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.

Featured Articles