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

CMC Metals Ltd. (CVE:CMB) dropped 25% on Tuesday . The company traded as low as C$0.02 and last traded at C$0.02. Approximately 124,424 shares were traded 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 price objective on shares of CMC Metals and gave the stock a “buy” rating in a research note on Monday, January 6th.

CMC Metals Stock Performance

The company has a current ratio of 2.50, a quick ratio of 2.80 and a debt-to-equity ratio of 8.84. The firm 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 is C$0.02 and its 200-day moving average is C$0.02.

Insiders Place Their Bets

In related news, Director Kevin John Brewer purchased 2,500,000 shares of the business’s stock in a transaction on 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. In the last 90 days, insiders bought 2,565,000 shares of company stock worth $63,800. 5.86% of the stock is currently owned by 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.