Strategic Metals (CVE:SMD) Stock Price Up 6.1% – Here’s Why

Strategic Metals Ltd. (CVE:SMD) was up 6.1% on Wednesday . The company traded as high as C$0.35 and last traded at C$0.35. Approximately 1,001 shares changed hands during trading, a decline of 99% from the average daily volume of 101,139 shares. The stock had previously closed at C$0.33.

Strategic Metals Stock Up 6.1%

The company has a quick ratio of 10.25, a current ratio of 26.84 and a debt-to-equity ratio of 0.07. The company’s fifty day moving average price is C$0.37 and its 200-day moving average price is C$0.30. The stock has a market capitalization of C$38.83 million, a PE ratio of 17.50 and a beta of 1.42.

About Strategic Metals

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.