CMC Metals (CVE:CMB) Stock Price Down 20% – Should You Sell?

Posted by Kyle Jackson on Jan 18th, 2025

CMC Metals Ltd. (CVE:CMB – Get Free Report)’s share price dropped 20% on Thursday . The company traded as low as C$0.02 and last traded at C$0.02. Approximately 440,732 shares changed hands during mid-day trading, an increase of 176% from the average daily 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 stock a “buy” rating in a report on Monday, January 6th.

Read Our Latest Stock Report on CMB

CMC Metals Stock Performance

The firm has a market capitalization of C$3.94 million, a price-to-earnings ratio of -2.50 and a beta of 0.99. The firm’s 50-day moving average price is C$0.02 and its two-hundred day moving average price is C$0.02. The company has a debt-to-equity ratio of 8.84, a quick ratio of 2.80 and a current ratio of 2.50.

Insider Buying and Selling at CMC Metals

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

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.