Wealth Minerals (CVE:WML) Shares Up 41.7% – Should You Buy?

Wealth Minerals Ltd. (CVE:WML) shares traded up 41.7% on Monday . The stock traded as high as C$0.09 and last traded at C$0.09. 385,635 shares traded hands during mid-day trading, an increase of 146% from the average session volume of 156,853 shares. The stock had previously closed at C$0.06.

Wealth Minerals Stock Performance

The firm’s 50 day moving average price is C$0.11 and its 200-day moving average price is C$0.07. The firm has a market cap of C$30.80 million, a price-to-earnings ratio of -0.65 and a beta of 1.77. The company has a debt-to-equity ratio of 0.07, a current ratio of 15.96 and a quick ratio of 4.30.

Wealth Minerals Company Profile

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.