Wealth Minerals (CVE:WML) Sets New 52-Week Low – Time to Sell?

Wealth Minerals Ltd. (CVE:WMLGet Free Report) hit a new 52-week low during trading on Monday . The company traded as low as C$0.06 and last traded at C$0.06, with a volume of 25000 shares trading hands. The stock had previously closed at C$0.07.

Wealth Minerals Stock Performance

The firm has a 50-day simple moving average of C$0.08 and a two-hundred day simple moving average of C$0.11. 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 company has a market capitalization of C$21.83 million, a price-to-earnings ratio of -2.17 and a beta of 0.55.

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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