Wealth Minerals (CVE:WML) Shares Up 11.1% – Still a Buy?

Shares of Wealth Minerals Ltd. (CVE:WMLGet Free Report) rose 11.1% during mid-day trading on Monday . The company traded as high as C$0.05 and last traded at C$0.05. Approximately 122,656 shares were traded during trading, an increase of 20% from the average daily volume of 102,519 shares. The stock had previously closed at C$0.05.

Wealth Minerals Price Performance

The company has a market capitalization of C$16.80 million, a P/E ratio of -1.67 and a beta of 0.55. The stock’s fifty day simple moving average is C$0.06 and its 200-day simple moving average is C$0.09. 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.

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