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

CMC Metals Ltd. (CVE:CMB)’s share price fell 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 were traded during trading, an increase of 9% from the average session volume of 114,534 shares. The stock had previously closed at C$0.02.

Wall Street Analyst Weigh In

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 Price Performance

The firm has a market capitalization of C$3.15 million, a P/E ratio of -2.00 and a beta of 0.99. 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 stock’s fifty day simple moving average is C$0.02 and its 200 day simple moving average is C$0.02.

Insiders Place Their Bets

In other CMC Metals news, Director Kevin John Brewer bought 2,500,000 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were purchased 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 have purchased 2,565,000 shares of company stock worth $63,800. Corporate insiders own 5.86% of the company’s stock.

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.