Strategic Metals (CVE:SMD) Trading Up 1.7% – Here’s Why

Strategic Metals Ltd. (CVE:SMDGet Free Report) shot up 1.7% during trading on Friday . The company traded as high as C$0.30 and last traded at C$0.29. Approximately 30,500 shares traded hands during trading, a decline of 59% from the average daily volume of 73,848 shares. The stock had previously closed at C$0.29.

Strategic Metals Price Performance

The stock has a market capitalization of C$32.76 million, a PE ratio of -29.50 and a beta of 1.51. The company has a debt-to-equity ratio of 0.07, a current ratio of 26.84 and a quick ratio of 10.24. The firm’s 50 day simple moving average is C$0.32 and its 200 day simple moving average is C$0.33.

About Strategic Metals

(Get Free Report)

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.

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