Wealth Minerals (CVE:WML) Trading 33.3% Higher – What’s Next?
by Danessa Lincoln · The Markets DailyWealth Minerals Ltd. (CVE:WML – Get Free Report)’s stock price was up 33.3% on Monday . The stock traded as high as C$0.08 and last traded at C$0.08. Approximately 364,135 shares changed hands during mid-day trading, an increase of 132% from the average daily volume of 156,732 shares. The stock had previously closed at C$0.06.
Wealth Minerals Stock Up 41.7%
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 business’s 50-day simple moving average is C$0.11 and its 200-day simple moving average is C$0.07. The company has a market capitalization of C$30.80 million, a PE ratio of -0.65 and a beta of 1.77.
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.
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