Strategic Metals (CVE:SMD) Stock Price Up 13.1% – Here’s What Happened

Strategic Metals Ltd. (CVE:SMDGet Free Report) shares shot up 13.1% during mid-day trading on Friday . The company traded as high as C$0.34 and last traded at C$0.34. 201,721 shares changed hands during mid-day trading, an increase of 201% from the average daily volume of 66,906 shares. The stock had previously closed at C$0.30.

Strategic Metals Stock Up 13.1%

The stock has a market capitalization of C$38.31 million, a price-to-earnings ratio of -34.50 and a beta of 1.55. The company has a debt-to-equity ratio of 0.07, a current ratio of 26.84 and a quick ratio of 10.24. The business has a fifty day moving average of C$0.31 and a 200 day moving average of C$0.34.

About Strategic Metals

(Get Free Report)

Strategic Metals Ltd. acquires, explores for, and evaluates mineral properties in Canada. It explores for gold, silver, lead, zinc, copper, tin, tungsten, vanadium, and lithium metals; and deposit types, such as porphyry, skarn, epithermal vein, orogenic gold, sedex, carbonate replacement, etc. The company had a portfolio of approximately 100 projects. Strategic Metals Ltd. is headquartered in Vancouver, Canada.

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