Wealth Minerals (CVE:WML) Trading Down 20% – Here’s Why

Wealth Minerals Ltd. (CVE:WML) shares dropped 20% on Thursday . The stock traded as low as C$0.06 and last traded at C$0.06. Approximately 164,550 shares changed hands during trading, an increase of 112% from the average daily volume of 77,748 shares. The stock had previously closed at C$0.08.

Wealth Minerals Price Performance

The business’s 50-day moving average price is C$0.08 and its 200 day moving average price is C$0.07. The stock has a market capitalization of C$20.15 million, a PE ratio of -2.00 and a beta of 0.55. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.30 and a current ratio of 15.96.

Wealth Minerals Company Profile

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.