CMC Metals (CVE:CMB) Sets New 12-Month Low – What’s Next?

CMC Metals Ltd. (CVE:CMB) shares hit a new 52-week low during trading on Thursday . The stock traded as low as C$0.02 and last traded at C$0.03, with a volume of 6500 shares changing hands. The stock had previously closed at C$0.02.

Analysts Set New Price Targets

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

CMC Metals Price Performance

The company has a quick ratio of 2.80, a current ratio of 2.50 and a debt-to-equity ratio of 8.84. The firm has a market cap of C$3.94 million, a PE 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 two-hundred day moving average price of C$0.02.

Insider Buying and Selling

In other news, Director Kevin John Brewer bought 2,500,000 shares of CMC Metals stock in a transaction that occurred on Thursday, November 21st. The stock was bought at an average price of C$0.03 per share, for a total transaction of C$62,500.00. 5.86% of the stock is owned by company insiders.

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.