Shares of Strategic Minerals Plc (LON:SML – Get Free Report) shot up 28.9% during mid-day trading on Monday . The company traded as high as GBX 0.60 ($0.01) and last traded at GBX 0.58 ($0.01). 28,488,240 shares were traded during trading, an increase of 235% from the average session volume of 8,497,557 shares. The stock had previously closed at GBX 0.45 ($0.01).
Strategic Minerals Stock Performance
The business’s 50-day moving average price is GBX 0.34 and its 200-day moving average price is GBX 0.33. The company has a debt-to-equity ratio of 12.73, a quick ratio of 1.49 and a current ratio of 0.29. The stock has a market cap of £14.10 million, a P/E ratio of 97.72 and a beta of 0.70.
Strategic Minerals Company Profile
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.
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