Wealth Minerals (CVE:WML) Trading Down 10% – What’s Next?

Wealth Minerals Ltd. (CVE:WML)’s stock price dropped 10% during trading on Wednesday . The company traded as low as C$0.09 and last traded at C$0.09. Approximately 160,607 shares changed hands during trading, a decline of 57% from the average daily volume of 376,083 shares. The stock had previously closed at C$0.10.

Wealth Minerals Stock Up 5.9%

The stock has a market cap of C$32.61 million, a PE ratio of -0.69 and a beta of 2.58. The business has a fifty day moving average of C$0.08 and a 200-day moving average of C$0.08. The company has a debt-to-equity ratio of 0.07, a current ratio of 15.96 and a quick ratio of 4.30.

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.