Strategic Metals (CVE:SMD) Reaches New 12-Month High – Still a Buy?

Strategic Metals Ltd. (CVE:SMD) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$0.43 and last traded at C$0.43, with a volume of 186073 shares. The stock had previously closed at C$0.38.

Strategic Metals Trading Up 11.8%

The stock has a market capitalization of C$47.16 million, a PE ratio of 21.25 and a beta of 1.34. The stock has a 50-day moving average price of C$0.33 and a two-hundred day moving average price of C$0.27. The company has a debt-to-equity ratio of 0.07, a quick ratio of 10.25 and a current ratio of 26.84.

Strategic Metals Company Profile

Strategic Metals Ltd. acquires, explores for, and evaluates mineral properties in Canada. It 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. The company had a portfolio of approximately 100 projects. Strategic Metals Ltd. is headquartered in Vancouver, Canada.