CMC Metals (CVE:CMB) Shares Down 25% – Should You Sell?

CMC Metals Ltd. (CVE:CMB) shares were down 25% during trading on Monday . The company traded as low as C$0.02 and last traded at C$0.02. Approximately 124,424 shares traded hands during trading, an increase of 9% from the average daily volume of 114,534 shares. The stock had previously closed at C$0.02.

Analyst Upgrades and Downgrades

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

CMC Metals Stock Performance

The firm has a fifty 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 quick ratio of 2.80 and a current ratio of 2.50. The stock has a market cap of C$2.37 million, a PE ratio of -1.50 and a beta of 0.99.

Insiders Place Their Bets

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

About CMC Metals

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.