CMC Metals (CVE:CMB) Trading Down 20% – What’s Next?

by · The Markets Daily

Shares of CMC Metals Ltd. (CVE:CMB – Get Free Report) fell 20% during trading on Wednesday . The stock traded as low as C$0.02 and last traded at C$0.02. 440,732 shares changed hands during trading, an increase of 176% from the average session volume of 159,677 shares. The stock had previously closed at C$0.03.

Wall Street Analyst Weigh In

Separately, Fundamental Research set a C$0.12 price objective on shares of CMC Metals and gave the company a “buy” rating in a research note on Monday, January 6th.

Get Our Latest Report on CMB

CMC Metals Stock Up 25.0 %

The stock has a market capitalization of C$3.94 million, a P/E ratio of -2.50 and a beta of 0.99. The stock has a 50 day moving average price of C$0.02 and a 200-day moving average price of C$0.02. The company has a debt-to-equity ratio of 8.84, a current ratio of 2.50 and a quick ratio of 2.80.

Insider Buying and Selling

In related news, Director Kevin John Brewer acquired 2,500,000 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was purchased at an average price of C$0.03 per share, with a total value of C$62,500.00. 5.86% of the stock is owned by corporate insiders.

CMC Metals Company Profile

(Get Free Report)

CMC Metals Ltd. engages in the acquisition and exploration of mineral properties in Canada and the United States. The company explores for silver, zinc, lead, gold, copper, antimony, bismuth, and tungsten deposits. It holds a 100% interest in the Silver Hart property that includes 116 claims covering an area of 2,017 hectares located in south-central Yukon.

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