Strategic Metals (CVE:SMD) Shares Down 2.2%

Strategic Metals Ltd (CVE:SMD) shares dropped 2.2% on Friday . The company traded as low as C$0.44 and last traded at C$0.44, approximately 8,000 shares traded hands during mid-day trading. A decline of 84% from the average daily volume of 49,180 shares. The stock had previously closed at C$0.45.

The firm has a market capitalization of $42.49 million and a P/E ratio of -14.67. The stock’s 50-day simple moving average is C$0.47 and its two-hundred day simple moving average is C$0.47. The company has a debt-to-equity ratio of 0.11, a current ratio of 8.62 and a quick ratio of 8.58.

About Strategic Metals (CVE:SMD)

Strategic Metals Ltd. acquires, explores for, and evaluates mineral properties in Canada. The company 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.

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