Wealth Minerals (CVE:WML) Stock Price Down 17.6% – Here’s What Happened

Wealth Minerals Ltd. (CVE:WML) shares traded down 17.6% during mid-day trading on Wednesday . The company traded as low as C$0.07 and last traded at C$0.07. 133,635 shares changed hands during trading, a decline of 12% from the average session volume of 152,690 shares. The stock had previously closed at C$0.09.

Wealth Minerals Stock Down 17.6%

The company has a market cap of C$25.37 million, a PE ratio of -0.54 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 firm’s fifty day simple moving average is C$0.12 and its 200-day simple moving average is C$0.08.

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.