CMC Metals (CVE:CMB) Shares Down 25% – Here’s What Happened

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

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$0.12 price target 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 market cap of C$2.37 million, a price-to-earnings ratio of -1.50 and a beta of 0.99. The company’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 at CMC Metals

In related news, Director Kevin John Brewer purchased 2,500,000 shares of the business’s stock in a transaction dated 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. 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.