Wealth Minerals Ltd. (CVE:WML – Get Free Report) shares 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 164,550 shares traded hands during mid-day 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 Price Performance
The stock’s fifty day moving average price is C$0.08 and its 200-day moving average price is C$0.07. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.30 and a current ratio of 15.96. The firm has a market cap of C$20.15 million, a PE ratio of -2.00 and a beta of 0.55.
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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