Wealth Minerals (CVE:WML) Trading 13.3% Higher – Time to Buy?

Wealth Minerals Ltd. (CVE:WML) traded up 13.3% during mid-day trading on Thursday . The stock traded as high as C$0.09 and last traded at C$0.09. 120,500 shares traded hands during mid-day trading, an increase of 38% from the average session volume of 87,433 shares. The stock had previously closed at C$0.08.

Wealth Minerals Stock Up 5.9 %

The company has a debt-to-equity ratio of 0.07, a current ratio of 15.96 and a quick ratio of 4.30. The company has a market cap of C$30.23 million, a price-to-earnings ratio of -3.00 and a beta of 0.55. The firm’s 50 day simple moving average is C$0.05 and its 200-day simple 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) EPS for the quarter. As a group, sell-side analysts anticipate that Wealth Minerals Ltd. will post -0.1 earnings per share for the current year.

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.