Strategic Minerals Plc (
LON:SML -
Get Free Report)'s stock price was up 14.7% during trading on Friday . The stock traded as high as GBX 5.70 and last traded at GBX 5.60. Approximately 68,193,820 shares traded hands during mid-day trading, an increase of 84% from the average daily volume of 36,969,004 shares. The stock had previously closed at GBX 4.88.
Strategic Minerals Stock Up 14.7%
The stock's 50-day moving average is GBX 4.70 and its 200-day moving average is GBX 2.79. The stock has a market cap of £157.85 million, a P/E ratio of 9.12 and a beta of 0.97. The company has a current ratio of 0.98, a quick ratio of 1.49 and a debt-to-equity ratio of 13.25.
Strategic Minerals Company Profile
(
Get Free Report)
Strategic Minerals (AIM: SML; USOTC: SMCDY) is a producing minerals company, actively developing strategic projects in the UK, United States and Australia.
In 2012, the company commenced production at its first magnetite operation, the Cobre stockpile in New Mexico, USA. Currently, the company's main countries of operation are the UK and USA.
In March 2018, the Company completed the acquisition of the Leigh Creek Copper Mine situated in the copper rich belt of South Australia. The company continues to seek opportunities to monetise the asset.
In 2019, the company completed the 100% acquisition of Cornwall Resources Limited and the Redmoor Tungsten-Tin-Copper Project, with a 2019 JORC-compliant, Inferred Mineral Resource Estimate of 11.7Mt at 1.17% Tin equivalent, made up of Tungsten, Tin and Copper.
Strategic Minerals' primary objective is to utilise cash flow from existing operations in the USA to accelerate development of the Redmoor Tungsten-Tin-Copper Project in Cornwall, UK with world-class potential.
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