Strategic Minerals (LON:SML) Stock Price Down 12% – Here’s Why

Strategic Minerals Plc (LON:SMLGet Free Report) traded down 12% during trading on Wednesday . The stock traded as low as GBX 0.22 ($0.00) and last traded at GBX 0.22 ($0.00). 1,353,600 shares traded hands during trading, a decline of 65% from the average session volume of 3,869,737 shares. The stock had previously closed at GBX 0.25 ($0.00).

Strategic Minerals Price Performance

The business has a 50-day moving average price of GBX 0.22 and a two-hundred day moving average price of GBX 0.20. 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 has a market capitalization of £4.14 million, a price-to-earnings ratio of -4.25 and a beta of 0.70.

About Strategic Minerals

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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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