Strategic Metals (CVE:SMD) Sets New 12-Month High – Still a Buy?

Strategic Metals Ltd. (CVE:SMDGet Free Report) reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$0.37 and last traded at C$0.36, with a volume of 213720 shares trading hands. The stock had previously closed at C$0.32.

Strategic Metals Trading Down 8.1%

The company has a market cap of C$37.73 million, a price-to-earnings ratio of 17.00 and a beta of 1.26. The company’s 50 day moving average price is C$0.28 and its 200 day moving average price is C$0.24. The company has a debt-to-equity ratio of 0.07, a quick ratio of 10.25 and a current ratio of 26.84.

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. Strategic Metals Ltd. is headquartered in Vancouver, Canada.

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