Strategic Metals Ltd (CVE:SMD) shares were down 6.4% on Wednesday . The stock traded as low as C$0.44 and last traded at C$0.44, approximately 27,000 shares changed hands during mid-day trading. A decline of 42% from the average daily volume of 46,510 shares. The stock had previously closed at C$0.47.

The firm has a market capitalization of $48.28 million and a PE ratio of -15.00. The company has a current ratio of 8.62, a quick ratio of 8.62 and a debt-to-equity ratio of 0.11. The firm has a 50-day moving average of C$0.46 and a two-hundred day moving average of C$0.42.

About Strategic Metals (CVE:SMD)

Strategic Metals Ltd. acquires, explores for, and evaluates mineral properties in Canada. The company explores for gold, silver, lead, zinc, copper, tin, tungsten, vanadium, and lithium metals; and deposit types, such as porphyry, skarn, epithermal vein, orogenic gold, sedex, carbonate replacement, etc.

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