Wealth Minerals (CVE:WML) Trading Up 22.2% – Here’s Why

Wealth Minerals Ltd. (CVE:WMLGet Free Report) was up 22.2% on Friday . The stock traded as high as C$0.06 and last traded at C$0.06. Approximately 285,244 shares changed hands during trading, an increase of 158% from the average daily volume of 110,405 shares. The stock had previously closed at C$0.05.

Wealth Minerals Price Performance

The firm has a 50-day moving average price of C$0.05 and a two-hundred day moving average price of C$0.06. The company has a market capitalization of C$18.48 million, a P/E ratio of -1.83 and a beta of 0.55. The company has a quick ratio of 4.30, a current ratio of 15.96 and a debt-to-equity ratio of 0.07.

About Wealth Minerals

(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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