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

Shares of Strategic Metals Ltd. (CVE:SMDGet Free Report) hit a new 52-week high on Tuesday . The stock traded as high as C$0.45 and last traded at C$0.44, with a volume of 34515 shares traded. The stock had previously closed at C$0.44.

Strategic Metals Stock Performance

The business has a 50 day simple moving average of C$0.36 and a 200 day simple moving average of C$0.29. The company has a quick ratio of 10.25, a current ratio of 26.84 and a debt-to-equity ratio of 0.07. The company has a market capitalization of C$48.82 million, a PE ratio of 22.00 and a beta of 1.42.

About Strategic Metals

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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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