CMC Metals (CVE:CMB) Stock Price Down 25% – Should You Sell?

CMC Metals Ltd. (CVE:CMB) shares fell 25% during mid-day trading on Tuesday . The company 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.

Analysts Set New Price Targets

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

CMC Metals Stock Up 33.3 %

The firm has a market cap of C$3.15 million, a price-to-earnings ratio of -2.00 and a beta of 0.99. 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 business’s 50-day moving average is C$0.02 and its 200-day moving average is C$0.02.

Insider Buying and Selling

In related news, Director Kevin John Brewer purchased 2,500,000 shares of the firm’s 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 have acquired a total of 2,565,000 shares of company stock worth $63,800 in the last three months. 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.