Wealth Minerals (CVE:WML) Trading 13.3% Higher – Still a Buy?

Wealth Minerals Ltd. (CVE:WML)’s stock price rose 13.3% during trading on Thursday . The company traded as high as C$0.09 and last traded at C$0.09. Approximately 120,500 shares were traded during trading, an increase of 38% from the average daily volume of 87,433 shares. The stock had previously closed at C$0.08.

Wealth Minerals Stock Up 13.3 %

The firm has a market cap of C$28.55 million, a price-to-earnings ratio of -2.83 and a beta of 0.55. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.30 and a current ratio of 15.96. The business’s 50-day moving average is C$0.05 and its 200-day moving average is C$0.07.

Wealth Minerals (CVE:WML) last announced its earnings results on Monday, October 28th. The company reported C($0.02) earnings per share (EPS) for the quarter. On average, equities analysts predict that Wealth Minerals Ltd. will post -0.1 EPS for the current year.

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.