Wealth Minerals (CVE:WML) has been assigned a C$1.93 price objective by equities researchers at Fundamental Research in a report issued on Tuesday. The brokerage currently has a “buy” rating on the stock. Fundamental Research’s target price points to a potential upside of 30.41% from the stock’s current price.
The analysts wrote, “Fundamental Research Corp has issued a report entitled “Wealth Minerals Ltd. (TSXV: WML; OTCQB: WMLLF; SSE: WMLCL; Frankfurt: EJZN) – Initiating Coverage: Lithium Brines in Chile ” and dated April 12, 2018. The full report is now at www.researchfrc.com.
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Shares of WML traded up C$0.01 on Tuesday, hitting C$1.48. The company’s stock had a trading volume of 288,889 shares, compared to its average volume of 189,903. Wealth Minerals has a fifty-two week low of C$1.16 and a fifty-two week high of C$2.34.
In other Wealth Minerals news, Director Leonard Harris sold 40,000 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of C$1.28, for a total value of C$51,200.00. Also, insider David Allen Cross sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, March 23rd. The shares were sold at an average price of C$1.78, for a total value of C$89,000.00.
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Wealth Minerals Company Profile
Wealth Minerals Ltd., a junior mineral resource exploration company, engages in the acquisition, exploration, and development of mineral properties in Mexico, Peru, and Canada. It explores for lithium, precious metals, and copper. The company primarily holds option agreements to acquire interests in various lithium projects, including the exploration concessions covering the Salar de Aguas Calientes Norte, and portions of the Salar de Pujsa and Salar de Quisquiro in Chile.
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