Strategic Minerals (LON:SML) Shares Pass Above 50 Day Moving Average – What’s Next?

Strategic Minerals Plc (LON:SMLGet Free Report) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 0.22 ($0.00) and traded as high as GBX 0.25 ($0.00). Strategic Minerals shares last traded at GBX 0.23 ($0.00), with a volume of 250,000 shares trading hands.

Strategic Minerals Price Performance

The firm has a market cap of £4.65 million, a P/E ratio of -4.25 and a beta of 0.70. The firm’s fifty day simple moving average is GBX 0.22 and its 200 day simple moving average is GBX 0.20. The company has a debt-to-equity ratio of 15.45, a quick ratio of 1.49 and a current ratio of 0.60.

Strategic Minerals Company Profile

(Get Free Report)

Strategic Minerals plc is a minerals production and development company

The Company’s strategy is to utilise cash flow from existing operations to fund overheads and thereby provide a base from which to build a diversified portfolio of cash generating high quality strategic minerals operations and near term mining projects in jurisdictions where returns are commensurate with risk.

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