CMC Metals (CVE:CMB) Trading Down 25% – Here’s Why

Shares of CMC Metals Ltd. (CVE:CMB) were down 25% during mid-day trading on Monday . The stock traded as low as C$0.02 and last traded at C$0.02. Approximately 120,500 shares were traded during trading, an increase of 5% from the average daily volume of 114,316 shares. The stock had previously closed at C$0.02.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$0.12 price objective on shares of CMC Metals and gave the company a “buy” rating in a report on Monday, January 6th.

CMC Metals Trading Down 25.0 %

The company’s fifty day moving average is C$0.02 and its 200-day moving average is C$0.02. The company has a debt-to-equity ratio of 8.84, a current ratio of 2.50 and a quick ratio of 2.80. The company has a market capitalization of C$2.37 million, a PE ratio of -1.50 and a beta of 0.99.

Insider Transactions at CMC Metals

In other CMC Metals news, Director Kevin John Brewer purchased 2,500,000 shares of CMC Metals stock in a transaction dated Thursday, November 21st. The shares were acquired at an average cost of C$0.03 per share, with a total value of C$62,500.00. 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.