Philip Haydn-Slater Purchases 2,000,000 Shares of Strategic Minerals (LON:SML) Stock

Strategic Minerals Plc (LON:SML) insider Philip Haydn-Slater acquired 2,000,000 shares of Strategic Minerals stock in a transaction on Wednesday, July 29th. The shares were bought at an average cost of GBX 4 per share, for a total transaction of £80,000.

Strategic Minerals Trading Up 4.3%

LON:SML opened at GBX 3.65 on Thursday. Strategic Minerals Plc has a 12 month low of GBX 0.27 and a 12 month high of GBX 7.30. The company has a current ratio of 0.72, a quick ratio of 1.49 and a debt-to-equity ratio of 12.12. The company has a 50-day moving average price of GBX 4.31 and a 200-day moving average price of GBX 4.08. The stock has a market cap of £102.91 million, a price-to-earnings ratio of -521.57 and a beta of 0.91.

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.