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

CMC Metals Ltd. (CVE:CMB) shares traded down 25% during mid-day trading on Tuesday . The stock traded as low as C$0.02 and last traded at C$0.02. 124,424 shares changed hands during mid-day trading, an increase of 9% from the average session 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 target price on shares of CMC Metals and gave the stock a “buy” rating in a report on Monday, January 6th.

CMC Metals Stock Performance

The stock’s 50 day moving average is C$0.02 and its two-hundred day moving average is C$0.02. The stock has a market capitalization of C$2.37 million, a price-to-earnings ratio of -1.50 and a beta of 0.99. 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

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 shares were acquired at an average price of C$0.03 per share, with a total value of C$62,500.00. Corporate 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.