What’s Propelling Strategic Metals Ltd to Increase So Much?

 What's Propelling Strategic Metals Ltd to Increase So Much?

The stock of Strategic Metals Ltd (CVE:SMD) is a huge mover today! About 60,412 shares traded hands or 19.77% up from the average. Strategic Metals Ltd (CVE:SMD) has risen 6.00% since October 18, 2016 and is uptrending. It has outperformed by 1.38% the S&P500.
The move comes after 8 months positive chart setup for the $41.60 million company. It was reported on Nov, 17 by Barchart.com. We have $1.02 PT which if reached, will make CVE:SMD worth $49.09 million more.

More notable recent Strategic Metals Ltd (CVE:SMD) news were published by: Marketwired.com which released: “Strategic Metals Ltd. Cuts 30.23 m Grading 128.46 g/t Silver and 0.40% Copper …” on October 12, 2016, also Marketwired.com with their article: “Precipitate Receives $1200000 Through Warrant Exercise by Strategic Metals Ltd.” published on November 08, 2016, Marketwired.com published: “Strategic Metals Ltd. Announces Acquisition of Additional Securities of …” on November 27, 2015. More interesting news about Strategic Metals Ltd (CVE:SMD) were released by: Reuters.com and their article: “BRIEF-Strategic Metals Ltd announces acquisition of additional securities …” published on November 27, 2015 as well as Seekingalpha.com‘s news article titled: “Cash Is Cheap And Strategic Metals Is Even Cheaper” with publication date: December 13, 2013.

Strategic Metals Ltd. is an exploration-stage company. The company has a market cap of $41.60 million. The Firm is engaged in the acquisition, exploration and evaluation of mineral properties located in Canada. It currently has negative earnings. It holds investments in other resource companies, including Rockhaven and Silver Range Resources.

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