Wealth Minerals (CVE:WML) Trading 13.3% Higher – Time to Buy?

Wealth Minerals Ltd. (CVE:WML)’s share price shot up 13.3% during mid-day trading on Thursday . The stock traded as high as C$0.09 and last traded at C$0.09. 120,500 shares were traded during trading, an increase of 38% from the average session volume of 87,433 shares. The stock had previously closed at C$0.08.

Wealth Minerals Price Performance

The stock has a market cap of C$30.23 million, a PE ratio of -3.00 and a beta of 0.55. 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 company’s 50 day moving average is C$0.05 and its 200-day moving average is C$0.07.

Wealth Minerals (CVE:WML) last announced its quarterly earnings data on Monday, October 28th. The company reported C($0.02) earnings per share for the quarter. As a group, sell-side analysts predict that Wealth Minerals Ltd. will post -0.1 earnings per share for the current year.

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.