Wealth Minerals (CVE:WML) Stock Price Down 15% – Should You Sell?

Wealth Minerals Ltd. (CVE:WML)’s share price dropped 15% during mid-day trading on Wednesday . The stock traded as low as C$0.09 and last traded at C$0.09. Approximately 333,309 shares changed hands during trading, a decline of 18% from the average daily volume of 405,661 shares. The stock had previously closed at C$0.10.

Wealth Minerals Stock Down 15.0%

The firm has a market capitalization of C$30.80 million, a PE ratio of -0.65 and a beta of 2.58. The business’s fifty day moving average price is C$0.08 and its 200 day moving average price is C$0.08. The company has a quick ratio of 4.30, a current ratio of 15.96 and a debt-to-equity ratio of 0.07.

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. Wealth Minerals Ltd. was incorporated in 1994 and is headquartered in Vancouver, Canada.