Strategic Minerals (LON:SML) Trading Down 7.8% – Time to Sell?

Strategic Minerals Plc (LON:SMLGet Free Report) shares dropped 7.8% on Wednesday . The stock traded as low as GBX 0.95 and last traded at GBX 1.08. Approximately 74,644,016 shares were traded during trading, an increase of 290% from the average daily volume of 19,161,689 shares. The stock had previously closed at GBX 1.18.

Strategic Minerals Trading Up 0.8%

The company has a debt-to-equity ratio of 12.73, a current ratio of 0.29 and a quick ratio of 1.49. The stock’s 50-day moving average is GBX 1.14 and its two-hundred day moving average is GBX 0.60. The company has a market cap of £29.60 million, a P/E ratio of 2.05 and a beta of 0.70.

About Strategic Minerals

(Get Free Report)

Strategic Minerals (AIM: SML; USOTC: SMCDY) is a producing minerals company, actively developing strategic projects in the UK, United States and Australia.

In 2012, the company commenced production at its first magnetite operation, the Cobre stockpile in New Mexico, USA. Currently, the company’s main countries of operation are the UK and USA.

In March 2018, the Company completed the acquisition of the Leigh Creek Copper Mine situated in the copper rich belt of South Australia.

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