Strategic Metals (CVE:SMD) Shares Down 6.4%

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Strategic Metals Ltd (CVE:SMD) shares traded down 6.4% on Wednesday . The stock traded as low as C$0.44 and last traded at C$0.44, 27,000 shares traded hands during trading. A decline of 42% from the average session volume of 46,510 shares. The stock had previously closed at C$0.47.

The business’s 50 day moving average is C$0.47 and its two-hundred day moving average is C$0.42. The firm has a market cap of $48.28 million and a P/E ratio of -14.67. The company has a quick ratio of 8.62, a current ratio of 8.62 and a debt-to-equity ratio of 0.11.

About Strategic Metals (CVE:SMD)

Strategic Metals Ltd. acquires, explores for, and evaluates mineral properties in Canada. The company 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.

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