Strategic Minerals (LON:SML) Trading Up 6.7% – Here’s Why

Strategic Minerals Plc (LON:SML) traded up 6.7% on Thursday . The stock traded as high as GBX 0.40 ($0.01) and last traded at GBX 0.40 ($0.01). 4,583,114 shares traded hands during trading, a decline of 1% from the average session volume of 4,631,809 shares. The stock had previously closed at GBX 0.38 ($0.00).

Strategic Minerals Stock Performance

The company has a 50-day moving average price of GBX 0.28 and a two-hundred day moving average price of GBX 0.23. The stock has a market cap of £10.09 million, a P/E ratio of -0.92 and a beta of 0.70. The company has a current ratio of 0.29, a quick ratio of 1.49 and a debt-to-equity ratio of 12.73.

Strategic Minerals Company Profile

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.