CMC Metals (CVE:CMB) Shares Down 25% – What’s Next?

Shares of CMC Metals Ltd. (CVE:CMB) fell 25% during trading on Monday . The company traded as low as C$0.02 and last traded at C$0.02. 120,500 shares changed hands during trading, an increase of 5% from the average session volume of 114,316 shares. The stock had previously closed at C$0.02.

Analysts Set New Price Targets

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

CMC Metals Trading Up 33.3 %

The company has a 50 day moving average of C$0.02 and a two-hundred 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 stock has a market cap of C$3.15 million, a PE ratio of -2.00 and a beta of 0.99.

Insider Transactions at CMC Metals

In related news, Director Kevin John Brewer bought 2,500,000 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was purchased at an average cost of C$0.03 per share, for a total transaction of C$62,500.00. Over the last ninety days, insiders purchased 2,565,000 shares of company stock valued at $63,800. 5.86% of the stock is currently owned by corporate 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.