Strategic Minerals (SML)

Sector:

Engineering

Index:

FTSE AIM All-Share

0.25p
   
  • Change Today:
      0.002p
  • 52 Week High: 0.30
  • 52 Week Low: 0.090
  • Currency: UK Pounds
  • Shares Issued: 2,015.96m
  • Volume: 5,774,734
  • Market Cap: £5.08m
  • RiskGrade: 283

Strategic Minerals quarter marred by weaker January

By Josh White

Date: Friday 22 Apr 2022

LONDON (ShareCast) - (Sharecast News) - Strategic Minerals updated the market on the Cobre magnetite operation in New Mexico on Friday, reporting that sales to the project's largest client returned to "normal levels" in February and March.
The AIM-traded firm said sales for both the March quarter and the year to 31 March totalled $0.7m and $2.5m, respectively, being impacted by weaker January sales.

It reported improved prospects for future sales due to a five-year extension of access to the magnetite stockpile, until March 2027.

During the quarter, Strategic lodged a formal submission of claim to the receiver of CV Investments.

Group cash balances stood at $0.615m as at 31 March.

The board said it was awaiting formal correspondence from the South Australian government on the conditions of the Leigh Creek Copper Mine programme for environmental planning and rehabilitation.

Since the period ended, the company agreed an extension to the Redmoor exploration licence in Cornwall, to 2037.

"The resumption of demand from the largest Cobre client combined with the long-awaited formal extension of access for five years, has placed the company on a solid cash flow footing for the years ahead," said managing director John Peters.

"With an expectation of recommencement of operations at Leigh Creek this year and ever greater focus on mining in Cornwall combining with our licence extension, the board and management are looking forward to a promising future for the company in 2022."

At 0939 BST, shares in Strategic Minerals were down 0.71% at 0.35p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

SML Market Data

Currency UK Pounds
Share Price 0.25p
Change Today 0.002p
% Change 0.80 %
52 Week High 0.30
52 Week Low 0.090
Volume 5,774,734
Shares Issued 2,015.96m
Market Cap £5.08m
RiskGrade 283

SML Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
88.36% above the market average88.36% above the market average88.36% above the market average88.36% above the market average88.36% above the market average
70.59% above the sector average70.59% above the sector average70.59% above the sector average70.59% above the sector average70.59% above the sector average
Price Trend
47.77% above the market average47.77% above the market average47.77% above the market average47.77% above the market average47.77% above the market average
37.14% above the sector average37.14% above the sector average37.14% above the sector average37.14% above the sector average37.14% above the sector average
Income Not Available
Growth
90.79% below the market average90.79% below the market average90.79% below the market average90.79% below the market average90.79% below the market average
93.94% below the sector average93.94% below the sector average93.94% below the sector average93.94% below the sector average93.94% below the sector average

SML Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 50,000 @ 0.25p
16:35 50,000 @ 0.25p
15:40 24,412 @ 0.25p
15:40 400 @ 0.25p
15:40 5,000 @ 0.25p

SML Key Personnel

CFO Karen Williams

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