Strategic Minerals (LON:SML) Shares Down 12% – What’s Next?

Strategic Minerals Plc (LON:SML)’s stock price dropped 12% during trading on Wednesday . The stock traded as low as GBX 0.22 ($0.00) and last traded at GBX 0.22 ($0.00). Approximately 1,353,600 shares changed hands during mid-day trading, a decline of 65% from the average daily volume of 3,869,737 shares. The stock had previously closed at GBX 0.25 ($0.00).

Strategic Minerals Stock Performance

The stock has a 50 day simple moving average of GBX 0.21 and a 200 day simple moving average of GBX 0.20. The company has a quick ratio of 1.49, a current ratio of 0.60 and a debt-to-equity ratio of 15.45. The company has a market cap of £4.44 million, a price-to-earnings ratio of -4.25 and a beta of 0.70.

About Strategic Minerals

Strategic Minerals Plc engages in the exploration, development, and operation of mining projects. The company operates the Cobre mine in New Mexico, which sells magnetite for use in the cement, fertilizer, dense media/medium, paint pigment, water jet cutting, ballast, magnet, toner, coal cleaning, and landscaping markets.