CMC Metals (CVE:CMB) Trading Up 25% – Time to Buy?

CMC Metals Ltd. (CVE:CMB)’s stock price traded up 25% during trading on Tuesday . The company traded as high as C$0.03 and last traded at C$0.03. 561,000 shares changed hands during mid-day trading, an increase of 456% from the average session volume of 100,809 shares. The stock had previously closed at C$0.02.

Analyst Upgrades and Downgrades

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

CMC Metals Stock Performance

The business’s fifty day moving average price is C$0.02 and its 200-day moving average price is C$0.02. The stock has a market capitalization of C$3.94 million, a PE ratio of -2.50 and a beta of 0.99. 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 Transactions at CMC Metals

In related news, Director Kevin John Brewer acquired 2,500,000 shares of CMC Metals stock in a transaction on Thursday, November 21st. The shares were acquired at an average cost of C$0.03 per share, with a total value of C$62,500.00. Insiders own 5.86% of the company’s stock.

CMC Metals Company Profile

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.