Wealth Minerals (CVE:WML) Stock Price Down 20% – Here’s Why

by · The Markets Daily

Wealth Minerals Ltd. (CVE:WML – Get Free Report) shares were down 20% during trading on Friday . The company traded as low as C$0.06 and last traded at C$0.06. Approximately 164,550 shares changed hands during trading, an increase of 112% from the average daily volume of 77,748 shares. The stock had previously closed at C$0.08.

Wealth Minerals Stock Performance

The stock has a fifty day simple moving average of C$0.08 and a two-hundred day simple moving average of C$0.07. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.30 and a current ratio of 15.96. The stock has a market capitalization of C$20.15 million, a price-to-earnings ratio of -2.00 and a beta of 0.55.

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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