Strategic Metals (CVE:SMD) Trading Up 6.5% – Still a Buy?

by · The Cerbat Gem

Strategic Metals Ltd. (CVE:SMD – Get Free Report)’s stock price rose 6.5% during mid-day trading on Monday . The company traded as high as C$0.17 and last traded at C$0.17. Approximately 13,300 shares traded hands during trading, a decline of 76% from the average daily volume of 56,100 shares. The stock had previously closed at C$0.16.

Strategic Metals Price Performance

The firm has a fifty day moving average of C$0.15 and a 200 day moving average of C$0.17. The company has a current ratio of 26.84, a quick ratio of 10.25 and a debt-to-equity ratio of 0.07. The company has a market capitalization of C$19.42 million, a P/E ratio of -8.75 and a beta of 0.90.

Strategic Metals (CVE:SMD – Get Free Report) last issued its quarterly earnings data on Wednesday, August 28th. The company reported C($0.01) earnings per share for the quarter.

Strategic Metals Company Profile

(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.

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