Wealth Minerals (CVE:WML) Stock Price Down 15% – Here’s What Happened

Shares of Wealth Minerals Ltd. (CVE:WML) fell 15% during trading on Wednesday . The company traded as low as C$0.09 and last traded at C$0.09. 277,309 shares traded hands during trading, a decline of 32% from the average session volume of 405,605 shares. The stock had previously closed at C$0.10.

Wealth Minerals Stock Performance

The stock has a market capitalization of C$32.61 million, a price-to-earnings ratio of -0.69 and a beta of 2.58. The company’s fifty day simple moving average is C$0.08 and its 200 day simple moving average is C$0.08. 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.