Strategic Minerals (LON:SML) Stock Price Up 26.5% – Still a Buy?

Strategic Minerals Plc (LON:SMLGet Free Report)’s stock price rose 26.5% on Tuesday . The stock traded as high as GBX 0.35 ($0.00) and last traded at GBX 0.35 ($0.00). Approximately 21,644,477 shares changed hands during mid-day trading, an increase of 453% from the average daily volume of 3,912,682 shares. The stock had previously closed at GBX 0.28 ($0.00).

Strategic Minerals Stock Up 7.1 %

The firm has a 50 day moving average of GBX 0.24 and a two-hundred day moving average of GBX 0.22. The firm has a market capitalization of £8.78 million, a price-to-earnings ratio of -0.80 and a beta of 0.70. The company has a quick ratio of 1.49, a current ratio of 0.29 and a debt-to-equity ratio of 12.73.

Strategic Minerals Company Profile

(Get Free Report)

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.

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