Strategic Metals (CVE:SMD) Reaches New 12-Month High – What’s Next?

Shares of Strategic Metals Ltd. (CVE:SMD) hit a new 52-week high on Thursday . The company traded as high as C$0.38 and last traded at C$0.36, with a volume of 22515 shares trading hands. The stock had previously closed at C$0.37.

Strategic Metals Price Performance

The stock has a fifty day moving average of C$0.32 and a 200 day moving average of C$0.26. The stock has a market cap of C$41.05 million, a price-to-earnings ratio of 18.50 and a beta of 1.34. The company has a debt-to-equity ratio of 0.07, a current ratio of 26.84 and a quick ratio of 10.25.

About Strategic Metals

Strategic Metals Ltd. acquires, explores for, and evaluates mineral properties in Canada. It explores for gold, silver, lead, zinc, copper, tin, tungsten, vanadium, and lithium metals; and deposit types, such as porphyry, skarn, epithermal vein, orogenic gold, sedex, carbonate replacement, etc. The company had a portfolio of approximately 100 projects. Strategic Metals Ltd. is headquartered in Vancouver, Canada.