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

Wealth Minerals Ltd. (CVE:WML) shares traded down 20% on Friday . The stock traded as low as C$0.06 and last traded at C$0.06. 164,550 shares changed hands during mid-day trading, an increase of 112% from the average session 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 P/E 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. The stock has a 50 day moving average of C$0.08 and a 200-day moving average of C$0.07.

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.