Strategic Minerals (LON:SML) Trading Down 12% – Should You Sell?

Strategic Minerals Plc (LON:SMLGet Free Report)’s share price dropped 12% during trading on Tuesday . The stock traded as low as GBX 0.22 ($0.00) and last traded at GBX 0.22 ($0.00). Approximately 2,087,028 shares traded hands during trading, a decline of 38% from the average daily volume of 3,350,335 shares. The stock had previously closed at GBX 0.25 ($0.00).

Strategic Minerals Price Performance

The business has a 50 day simple moving average of GBX 0.22 and a two-hundred day simple moving average of GBX 0.20. The firm has a market capitalization of £4.44 million, a P/E ratio of -4.25 and a beta of 0.70. The company has a debt-to-equity ratio of 15.45, a quick ratio of 1.49 and a current ratio of 0.60.

About Strategic Minerals

(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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