Strategic Minerals (LON:SML) Share Price Passes Above 50-Day Moving Average – What’s Next?

Strategic Minerals Plc (LON:SMLGet Free Report)’s share price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 0.22 ($0.00) and traded as high as GBX 0.25 ($0.00). Strategic Minerals shares last traded at GBX 0.22 ($0.00), with a volume of 800 shares changing hands.

Strategic Minerals Stock Performance

The business has a fifty day simple moving average of GBX 0.22 and a two-hundred day simple moving average of GBX 0.21. The company has a quick ratio of 1.49, a current ratio of 0.60 and a debt-to-equity ratio of 15.45. The company has a market cap of £4.34 million, a P/E ratio of -4.25 and a beta of 0.70.

Strategic Minerals Company Profile

(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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