CMC Metals (CVE:CMB) Trading Down 20% – Here’s What Happened

Posted by Kyle Jackson on Feb 15th, 2025

CMC Metals Ltd. (CVE:CMB – Get Free Report)’s share price fell 20% during trading on Thursday . The stock traded as low as C$0.02 and last traded at C$0.02. 368,400 shares traded hands during mid-day trading, an increase of 215% from the average session 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 price target on CMC Metals and gave the company a “buy” rating in a report on Monday, January 6th.

Check Out Our Latest Research Report on CMC Metals

CMC Metals Price Performance

The firm has a 50-day moving average of C$0.02 and a 200-day moving average 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 firm has a market capitalization of C$3.15 million, a P/E ratio of -2.00 and a beta of 0.99.

Insider Activity at CMC Metals

In related news, Director Kevin John Brewer acquired 2,500,000 shares of the stock in a transaction dated Thursday, November 21st. The shares were purchased at an average cost of C$0.03 per share, with a total value of C$62,500.00. Over the last 90 days, insiders bought 2,565,000 shares of company stock worth $63,800. 5.86% of the stock is owned by insiders.

CMC Metals Company Profile

(Get Free Report)

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.