Strategic Minerals (LON:SML) Shares Down 3.3% – Here’s Why

Strategic Minerals Plc (LON:SML)’s share price dropped 3.3% on Thursday . The company traded as low as GBX 1.35 and last traded at GBX 1.45. Approximately 11,062,891 shares were traded during trading, a decline of 39% from the average daily volume of 18,279,063 shares. The stock had previously closed at GBX 1.50.

Strategic Minerals Stock Down 3.3%

The company has a quick ratio of 1.49, a current ratio of 0.29 and a debt-to-equity ratio of 12.73. The company has a fifty day moving average price of GBX 1.04 and a 200-day moving average price of GBX 0.56. The stock has a market capitalization of £34.06 million, a P/E ratio of 2.36 and a beta of 0.70.

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.