Wealth Minerals (CVE:WML) Stock Price Down 20% – Time to Sell?

Wealth Minerals Ltd. (CVE:WMLGet Free Report) was down 20% during mid-day trading on Friday . The stock traded as low as C$0.06 and last traded at C$0.06. Approximately 164,550 shares were traded 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 Stock Down 20.0 %

The firm has a market capitalization of C$20.15 million, a price-to-earnings ratio of -2.00 and a beta of 0.55. The business’s 50 day moving average is C$0.08 and its 200-day moving average is C$0.07. 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

(Get Free Report)

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.

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