Strategic Minerals (LON:SML) Stock Price Up 7.8% – Still a Buy?

Strategic Minerals Plc (LON:SML)’s share price shot up 7.8% during trading on Thursday . The company traded as high as GBX 1.24 and last traded at GBX 1.24. 12,370,030 shares changed hands during trading, a decline of 35% from the average session volume of 19,116,713 shares. The stock had previously closed at GBX 1.15.

Strategic Minerals Price Performance

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 simple moving average of GBX 1.30 and a two-hundred day simple moving average of GBX 0.66. The company has a market cap of £30.54 million, a price-to-earnings ratio of 2.10 and a beta of 0.70.

Strategic Minerals Company Profile

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.