The stock of Wealth Minerals Ltd (CVE:WML) gapped up by $0.03 today and has $1.33 target or 7.00% above today’s $1.24 share price. The 8 months technical chart setup indicates low risk for the $95.72M company. The gap was reported on Nov, 30 by Barchart.com. If the $1.33 price target is reached, the company will be worth $6.70 million more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. About 184,783 shares traded hands. Wealth Minerals Ltd (CVE:WML) has risen 6.00% since October 31, 2016 and is uptrending. It has outperformed by 0.77% the S&P500.
More important recent Wealth Minerals Ltd (CVE:WML) news were published by: Business.Financialpost.com which released: “Podcast: Wealth Minerals Ltd CEO Henk Van Alphen on Chilean lithium salars” on September 02, 2016, also Juniorminingnetwork.com published article titled: “Wealth Minerals Arranges $2.17 Million Non-Brokered Private Placement”, Juniorminingnetwork.com published: “Wealth Minerals Signs LOI to Acquire Quisco Project, Salar de Quisquiro, Chile” on July 29, 2016. More interesting news about Wealth Minerals Ltd (CVE:WML) was released by: Reuters.com and their article: “BRIEF-Wealth Minerals arranges $4.125 mln non-brokered private placement” with publication date: October 20, 2016.
Wealth Minerals Ltd. is a junior mineral resource exploration company. The company has a market cap of $95.72 million. The Firm operates through mineral resources industry segment. It currently has negative earnings. It focuses on the acquisition, exploration and development of mineral properties primarily prospective for precious metals and lithium.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.