Wealth Minerals Ltd. (CVE:WML – Get Free Report)’s share price dropped 20% during mid-day trading on Friday . The company traded as low as C$0.06 and last traded at C$0.06. Approximately 305,300 shares traded hands during trading, an increase of 100% from the average daily volume of 152,679 shares. The stock had previously closed at C$0.08.
Wealth Minerals Trading Down 13.3%
The firm has a market capitalization of C$23.55 million, a price-to-earnings ratio of -0.50 and a beta of 1.77. The business’s 50 day moving average price is C$0.12 and its 200-day moving average price is 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.
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