Shares of Wealth Minerals Ltd. (CVE:WML – Get Free Report) dropped 20% on Thursday . The stock traded as low as C$0.06 and last traded at C$0.06. Approximately 164,550 shares were traded 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 Stock Performance
The company has a 50-day moving average price of C$0.08 and a two-hundred day moving average price of C$0.07. The company has a current ratio of 15.96, a quick ratio of 4.30 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of C$20.15 million, a P/E 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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