CMC Metals (CVE:CMB) Stock Price Down 20% – Here’s Why

CMC Metals Ltd. (CVE:CMB) shares were down 20% on Thursday . The stock traded as low as C$0.02 and last traded at C$0.02. Approximately 368,400 shares traded hands during trading, an increase of 215% from the average daily volume of 117,127 shares. The stock had previously closed at C$0.03.

Wall Street Analyst Weigh In

Separately, Fundamental Research set a C$0.12 target price on shares of 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 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 capitalization of C$2.37 million, a P/E ratio of -1.50 and a beta of 0.99. The business has a fifty day simple moving average of C$0.02 and a 200-day simple moving average of C$0.02.

Insider Buying and Selling at CMC Metals

In other CMC Metals news, Director Kevin John Brewer acquired 2,500,000 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was bought at an average price of C$0.03 per share, with a total value of C$62,500.00. Insiders bought a total of 2,565,000 shares of company stock valued at $63,800 in the last three months. Company 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.