Strategic Metals (CVE:SMD) Shares Down 7.5% – What’s Next?

Strategic Metals Ltd. (CVE:SMDGet Free Report) dropped 7.5% on Monday . The stock traded as low as C$0.31 and last traded at C$0.31. Approximately 20,600 shares changed hands during mid-day trading, a decline of 65% from the average daily volume of 59,576 shares. The stock had previously closed at C$0.34.

Strategic Metals Price Performance

The company has a market capitalization of C$35.54 million, a PE ratio of -10.67 and a beta of 1.70. The company has a debt-to-equity ratio of 0.07, a current ratio of 26.84 and a quick ratio of 10.24. The stock’s 50 day simple moving average is C$0.32 and its 200-day simple moving average is C$0.33.

Strategic Metals Company Profile

(Get Free Report)

Strategic Metals Ltd. acquires, explores for, and evaluates mineral properties in Canada. It 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. The company had a portfolio of approximately 100 projects. Strategic Metals Ltd. is headquartered in Vancouver, Canada.

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