Strategic Metals (CVE:SMD) Trading Down 6.9% – Time to Sell?

Shares of Strategic Metals Ltd. (CVE:SMDGet Free Report) dropped 6.9% during trading on Friday . The company traded as low as C$0.34 and last traded at C$0.34. 22,101 shares traded hands during trading, a decline of 65% from the average session volume of 63,181 shares. The stock had previously closed at C$0.36.

Strategic Metals Stock Down 6.9%

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 company has a market capitalization of C$37.20 million, a price-to-earnings ratio of -33.50 and a beta of 1.55. The firm’s 50-day simple moving average is C$0.31 and its two-hundred day simple moving average is C$0.33.

Strategic Metals Company Profile

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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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