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

CMC Metals Ltd. (CVE:CMB)’s share price fell 25% on Tuesday . The stock traded as low as C$0.02 and last traded at C$0.02. 124,424 shares were traded 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.

Analysts Set New Price Targets

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

CMC Metals Price Performance

The company has a current ratio of 2.50, a quick ratio of 2.80 and a debt-to-equity ratio of 8.84. The company has a market cap of C$3.15 million, a PE ratio of -2.00 and a beta of 0.99. The firm has a 50 day moving average of C$0.02 and a two-hundred day moving average of C$0.02.

Insider Buying and Selling

In other CMC Metals news, Director Kevin John Brewer bought 2,500,000 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were acquired at an average cost of C$0.03 per share, for a total transaction of C$62,500.00. Insiders have purchased 2,565,000 shares of company stock worth $63,800 in the last 90 days. 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.