Strategic Minerals Plc (LON:SML – Get Free Report)’s share price traded up 13.2% during mid-day trading on Tuesday . The stock traded as high as GBX 6 and last traded at GBX 6. 35,785,664 shares traded hands during trading, an increase of 37% from the average session volume of 26,028,707 shares. The stock had previously closed at GBX 5.30.
Strategic Minerals Stock Performance
The stock has a market capitalization of £169.13 million, a P/E ratio of -857.14 and a beta of 0.87. The stock’s 50-day simple moving average is GBX 4.15 and its 200 day simple moving average is GBX 4.48. The company has a debt-to-equity ratio of 12.12, a current ratio of 0.72 and a quick ratio of 1.49.
Insider Activity
In related news, insider Philip Haydn-Slater bought 2,000,000 shares of Strategic Minerals stock in a transaction that occurred on Wednesday, July 29th. The stock was acquired at an average price of GBX 4 per share, with a total value of £80,000. Corporate insiders own 14.80% of the company’s stock.
About Strategic Minerals
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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