Wealth Minerals (CVE:WML) Trading 41.7% Higher – Should You Buy?

by · The Cerbat Gem

Wealth Minerals Ltd. (CVE:WML – Get Free Report) shares rose 41.7% on Monday . The company traded as high as C$0.09 and last traded at C$0.09. Approximately 385,635 shares traded hands during trading, an increase of 146% from the average daily volume of 156,742 shares. The stock had previously closed at C$0.06.

Wealth Minerals Stock Up 41.7%

The stock has a market capitalization of C$30.80 million, a price-to-earnings ratio of -0.65 and a beta of 1.77. The company has a quick ratio of 4.30, a current ratio of 15.96 and a debt-to-equity ratio of 0.07. The business’s 50-day moving average is C$0.11 and its two-hundred day moving average is C$0.07.

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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