Strategic Minerals (LON:SML) Shares Up 5.5% – Here’s What Happened

Strategic Minerals Plc (LON:SML)’s share price traded up 5.5% during mid-day trading on Thursday . The company traded as high as GBX 0.21 ($0.00) and last traded at GBX 0.21 ($0.00). 2,076,405 shares were traded during trading, a decline of 33% from the average session volume of 3,089,930 shares. The stock had previously closed at GBX 0.20 ($0.00).

Strategic Minerals Stock Up 8.9 %

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 business has a 50-day simple moving average of GBX 0.22 and a 200-day simple moving average of GBX 0.21. The stock has a market cap of £4.95 million, a P/E ratio of -4.25 and a beta of 0.70.

Strategic Minerals Company Profile

Strategic Minerals plc is a minerals production and development company

The Company’s strategy is to utilise cash flow from existing operations to fund overheads and thereby provide a base from which to build a diversified portfolio of cash generating high quality strategic minerals operations and near term mining projects in jurisdictions where returns are commensurate with risk.