Strategic Minerals (LON:SML) Shares Up 21% – Here’s What Happened

Shares of Strategic Minerals Plc (LON:SML) shot up 21% during trading on Monday . The stock traded as high as GBX 0.22 ($0.00) and last traded at GBX 0.22 ($0.00). 200,913 shares traded hands during mid-day trading, a decline of 95% from the average session volume of 3,876,374 shares. The stock had previously closed at GBX 0.18 ($0.00).

Strategic Minerals Trading Up 21.0 %

The company has a quick ratio of 1.49, a current ratio of 0.60 and a debt-to-equity ratio of 15.45. The company’s fifty day moving average price is GBX 0.20 and its two-hundred day moving average price is GBX 0.19. The firm has a market cap of £4.42 million, a PE ratio of -4.25 and a beta of 0.70.

About Strategic Minerals

Strategic Minerals Plc engages in the exploration, development, and operation of mining projects. The company operates the Cobre mine in New Mexico, which sells magnetite for use in the cement, fertilizer, dense media/medium, paint pigment, water jet cutting, ballast, magnet, toner, coal cleaning, and landscaping markets.