Shares of Wealth Minerals Ltd. (CVE:WML – Get Free Report) fell 12.5% on Wednesday. The company traded as low as C$0.07 and last traded at C$0.07. 246,000 shares were traded during trading, an increase of 78% from the average daily volume of 138,009 shares. The stock had previously closed at C$0.08.
Wealth Minerals Trading Down 12.5%
The company’s 50 day moving average price is C$0.08 and its two-hundred day moving average price is C$0.07. The firm has a market cap of C$26.74 million, a PE ratio of -3.50 and a beta of 3.27. The company has a quick ratio of 4.30, a current ratio of 15.96 and a debt-to-equity ratio of 0.07.
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. Wealth Minerals Ltd. was incorporated in 1994 and is headquartered in Vancouver, Canada.
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