Strategic Minerals (LON:SML) Shares Down 14.3% – Time to Sell?

by · The Cerbat Gem

Strategic Minerals Plc (LON:SML – Get Free Report) shares were down 14.3% on Wednesday . The company traded as low as GBX 0.30 ($0.00) and last traded at GBX 0.30 ($0.00). Approximately 8,047,398 shares traded hands during mid-day trading, an increase of 103% from the average daily volume of 3,972,386 shares. The stock had previously closed at GBX 0.35 ($0.00).

Strategic Minerals Stock Performance

The stock’s fifty day simple moving average is GBX 0.24 and its two-hundred day simple moving average is GBX 0.22. The company has a market cap of £8.75 million, a price-to-earnings ratio of -0.80 and a beta of 0.70. The company has a debt-to-equity ratio of 12.73, a quick ratio of 1.49 and a current ratio of 0.29.

About Strategic Minerals

(Get Free Report)

Strategic Minerals plc is a minerals production and development company

The Company’s strategy is to utilise cash flow from existing operations to fund overheads and thereby provide a base from which to build a diversified portfolio of cash generating high quality strategic minerals operations and near term mining projects in jurisdictions where returns are commensurate with risk.

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