Strategic Minerals (LON:SML) Stock Price Down 12.5% – Here’s Why

Strategic Minerals Plc (LON:SML)’s stock price dropped 12.5% during mid-day trading on Tuesday . The stock traded as low as GBX 0.35 ($0.00) and last traded at GBX 0.35 ($0.00). Approximately 1,512,888 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 4,929,393 shares. The stock had previously closed at GBX 0.40 ($0.01).

Strategic Minerals Trading Down 1.5 %

The company has a debt-to-equity ratio of 12.73, a current ratio of 0.29 and a quick ratio of 1.49. The stock has a 50 day moving average of GBX 0.30 and a 200 day moving average of GBX 0.25. The firm has a market cap of £9.94 million, a P/E ratio of -0.91 and a beta of 0.70.

Strategic Minerals Company Profile

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.