Strategic Minerals (LON:SML) Stock Price Down 11.9% – What’s Next?

Strategic Minerals Plc (LON:SMLGet Free Report) shares traded down 11.9% during trading on Thursday . The company traded as low as GBX 0.80 ($0.01) and last traded at GBX 0.88 ($0.01). 127,262,219 shares traded hands during trading, an increase of 917% from the average session volume of 12,515,683 shares. The stock had previously closed at GBX 1 ($0.01).

Strategic Minerals Trading Down 5.0%

The business has a 50 day simple moving average of GBX 0.38 and a 200-day simple moving average of GBX 0.34. The company has a current ratio of 0.29, a quick ratio of 1.49 and a debt-to-equity ratio of 12.73. The stock has a market capitalization of £22.32 million, a price-to-earnings ratio of 154.72 and a beta of 0.70.

Strategic Minerals Company Profile

(Get Free Report)

Strategic Minerals (AIM: SML; USOTC: SMCDY) is a producing minerals company, actively developing strategic projects in the UK, United States and Australia.

In 2012, the company commenced production at its first magnetite operation, the Cobre stockpile in New Mexico, USA. Currently, the company’s main countries of operation are the UK and USA.

In March 2018, the Company completed the acquisition of the Leigh Creek Copper Mine situated in the copper rich belt of South Australia.

Further Reading

Receive News & Ratings for Strategic Minerals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Strategic Minerals and related companies with MarketBeat.com's FREE daily email newsletter.