Wealth Minerals Ltd. (CVE:WML – Get Free Report) shares dropped 21.1% during mid-day trading on Friday . The company traded as low as C$0.08 and last traded at C$0.08. Approximately 168,413 shares changed hands during mid-day trading, an increase of 7% from the average daily volume of 157,686 shares. The stock had previously closed at C$0.10.
Wealth Minerals Price Performance
The business has a fifty day moving average price of C$0.11 and a 200-day moving average price of C$0.07. The company has a current ratio of 15.96, a quick ratio of 4.30 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of C$27.18 million, a PE ratio of -0.50 and a beta of 1.85.
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.
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