Wealth Minerals (CVE:WML) Stock Price Down 20% – Should You Sell?

Wealth Minerals Ltd. (CVE:WMLGet Free Report)’s stock price was down 20% on Friday . The company traded as low as C$0.06 and last traded at C$0.06. Approximately 164,550 shares changed hands 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 Performance

The stock has a market cap of C$20.15 million, a price-to-earnings ratio of -2.00 and a beta of 0.55. The stock’s 50 day moving average is C$0.08 and its two-hundred day moving average is 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.

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.

Further Reading

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