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

Shares of CMC Metals Ltd. (CVE:CMB) were down 25% during trading on Monday . The stock 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 114,316 shares. 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 report on Monday, January 6th.

CMC Metals Stock Performance

The company has a market capitalization of C$3.15 million, a price-to-earnings ratio of -2.00 and a beta of 0.99. The stock’s 50 day moving average price is C$0.02 and its 200 day moving average price is C$0.02. 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 related news, Director Kevin John Brewer bought 2,500,000 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was purchased at an average price of C$0.03 per share, with a total value of C$62,500.00. Over the last ninety days, insiders acquired 2,565,000 shares of company stock worth $63,800. Corporate insiders own 5.86% of the company’s stock.

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.