Wealth Minerals (CVE:WML) Reaches New 1-Year Low – Here’s Why

Wealth Minerals Ltd. (CVE:WMLGet Free Report) shares reached a new 52-week low on Thursday . The company traded as low as C$0.06 and last traded at C$0.06, with a volume of 163300 shares trading hands. The stock had previously closed at C$0.07.

Wealth Minerals Stock Down 14.3%

The stock’s 50-day moving average price is C$0.07 and its two-hundred day moving average price is C$0.07. The stock has a market capitalization of C$22.92 million, a P/E ratio of -3.00 and a beta of 3.51. 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. Wealth Minerals Ltd. was incorporated in 1994 and is headquartered in Vancouver, Canada.

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