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

Wealth Minerals Ltd. (CVE:WMLGet Free Report)’s share price dropped 15% on Thursday . 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 19% from the average daily volume of 411,883 shares. The stock had previously closed at C$0.10.

Wealth Minerals Price Performance

The stock has a fifty day moving average of C$0.08 and a 200 day moving average of C$0.08. The stock has a market cap of C$32.61 million, a price-to-earnings ratio of -0.69 and a beta of 2.58. 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

(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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