Strategic Minerals Plc (LON:SML – Get Free Report) shot up 13.9% during trading on Monday . The company traded as high as GBX 4.10 and last traded at GBX 4.10. Approximately 14,542,488 shares traded hands during mid-day trading, a decline of 46% from the average session volume of 27,004,404 shares. The stock had previously closed at GBX 3.60.
Strategic Minerals Price Performance
The company has a debt-to-equity ratio of 12.12, a current ratio of 0.72 and a quick ratio of 1.49. The stock’s 50 day simple moving average is GBX 4.13 and its two-hundred day simple moving average is GBX 4.19. The stock has a market cap of £115.57 million, a price-to-earnings ratio of -585.71 and a beta of 0.91.
Insider Activity at Strategic Minerals
In other Strategic Minerals news, insider Philip Haydn-Slater bought 2,000,000 shares of the firm’s stock in a transaction dated Wednesday, July 29th. The shares were acquired at an average cost of GBX 4 per share, for a total transaction of £80,000. Insiders own 14.80% of the company’s stock.
Strategic Minerals Company Profile
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. The company continues to seek opportunities to monetise the asset.
In 2019, the company completed the 100% acquisition of Cornwall Resources Limited and the Redmoor Tungsten-Tin-Copper Project, with a 2019 JORC-compliant, Inferred Mineral Resource Estimate of 11.7Mt at 1.17% Tin equivalent, made up of Tungsten, Tin and Copper.
Strategic Minerals’ primary objective is to utilise cash flow from existing operations in the USA to accelerate development of the Redmoor Tungsten-Tin-Copper Project in Cornwall, UK with world-class potential.
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