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Strategic Minerals ( (GB:SML) ) just unveiled an announcement.
Strategic Minerals plc has completed three drill holes at its Redmoor project, all intersecting the full thickness of the sheeted vein system, indicating the presence of tungsten and copper minerals. With a second drill rig now on site, the company expects to accelerate its exploration program, which could enhance its position in the global tungsten market amid rising prices.
The most recent analyst rating on (GB:SML) stock is a Buy with a £0.50 price target. To see the full list of analyst forecasts on Strategic Minerals stock, see the GB:SML Stock Forecast page.
Spark’s Take on GB:SML Stock
According to Spark, TipRanks’ AI Analyst, GB:SML is a Outperform.
The overall stock score reflects strong financial recovery and attractive valuation, tempered by technical indicators suggesting potential short-term weakness. Historical volatility remains a concern.
To see Spark’s full report on GB:SML stock, click here.
More about Strategic Minerals
Strategic Minerals plc is an AIM-quoted minerals company engaged in the exploration and production of strategic projects in the UK, United States, and Australia. The company fully owns Cornwall Resources Limited, which focuses on the Redmoor Tungsten-Tin-Copper Project in east Cornwall.
Average Trading Volume: 9,062,946
Technical Sentiment Signal: Buy
Current Market Cap: £8.22M
For an in-depth examination of SML stock, go to TipRanks’ Overview page.