Strategic Minerals (LON:SML) Trading Down 16.3% – Time to Sell?

Strategic Minerals Plc (LON:SMLGet Free Report) shares dropped 16.3% during mid-day trading on Monday . The company traded as low as GBX 0.22 ($0.00) and last traded at GBX 0.22 ($0.00). Approximately 597,516 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 2,944,727 shares. The stock had previously closed at GBX 0.26 ($0.00).

Strategic Minerals Price Performance

The stock has a fifty day moving average price of GBX 0.22 and a 200-day moving average price of GBX 0.21. The company has a market cap of £5.55 million, a PE ratio of -0.51 and a beta of 0.70. The company has a debt-to-equity ratio of 12.73, a current ratio of 0.29 and a quick ratio of 1.49.

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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