CMC Metals (CVE:CMB) Hits New 52-Week Low – Time to Sell?

by · The Markets Daily

Shares of CMC Metals Ltd. (CVE:CMB – Get Free Report) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$0.02 and last traded at C$0.02, with a volume of 14000 shares traded. The stock had previously closed at C$0.03.

CMC Metals Stock Down 20.0 %

The stock’s 50-day moving average price is C$0.02 and its two-hundred day moving average price is C$0.03. The stock has a market capitalization of C$3.15 million, a P/E ratio of -2.00 and a beta of 0.99. The company has a current ratio of 2.50, a quick ratio of 2.80 and a debt-to-equity ratio of 8.84.

Insider Activity

In other news, Director Kevin John Brewer acquired 2,500,000 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was bought at an average cost of C$0.03 per share, for a total transaction of C$62,500.00. Corporate insiders own 5.86% of the company’s stock.

About CMC Metals

(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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