Strategic Minerals Plc (LON:SML – Get Free Report)’s stock price crossed below its fifty day moving average during trading on Friday. The stock has a fifty day moving average of GBX 5.21 and traded as low as GBX 4.50. Strategic Minerals shares last traded at GBX 4.80, with a volume of 14,381,169 shares trading hands.
Strategic Minerals Price Performance
The company has a current ratio of 5.25, a quick ratio of 1.49 and a debt-to-equity ratio of 7.45. The business has a 50-day moving average price of GBX 5.21 and a two-hundred day moving average price of GBX 4.87. The firm has a market capitalization of £134.94 million, a price-to-earnings ratio of -94.12 and a beta of 0.92.
Insider Buying and Selling
In related news, insider Philip Haydn-Slater acquired 2,000,000 shares of the stock in a transaction that occurred on Wednesday, July 29th. The stock was purchased at an average cost of GBX 4 per share, for a total transaction of £80,000. 11.97% of the stock is currently owned by insiders.
About Strategic Minerals
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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