Strategic Metals (CVE:SMD) Shares Down 9.1%

Shares of Strategic Metals Ltd. (CVE:SMD – Get Rating) were down 9.1% on Friday . The stock traded as low as C$0.25 and last traded at C$0.25. Approximately 109,700 shares traded hands during mid-day trading, an increase of 186% from the average daily volume of 38,317 shares. The stock had previously closed at C$0.28.
The company has a current ratio of 31.95, a quick ratio of 31.70 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of C$32.18 million and a P/E ratio of -22.31. The company has a 50 day simple moving average of C$0.31 and a two-hundred day simple moving average of C$0.35.
Strategic Metals (CVE:SMD – Get Rating) last posted its quarterly earnings results on Friday, April 29th. The company reported C$0.01 earnings per share for the quarter.
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.