CMC Metals (CVE:CMB) PT Set at C$0.12 by Fundamental Research

CMC Metals (CVE:CMB) has been given a C$0.12 price objective by equities researchers at Fundamental Research in a research note issued to investors on Monday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Fundamental Research’s target price would suggest a potential upside of 500.00% from the company’s current price.

CMC Metals Stock Performance

CMB stock remained flat at C$0.02 during trading on Monday. The company had a trading volume of 24,000 shares, compared to its average volume of 15,715. CMC Metals has a fifty-two week low of C$0.02 and a fifty-two week high of C$0.05. 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 business’s fifty day simple moving average is C$0.02 and its 200 day simple moving average is C$0.02. The firm has a market capitalization of C$3.15 million, a P/E ratio of -2.00 and a beta of 0.99.

Insider Activity

In other CMC Metals news, Director Kevin John Brewer acquired 2,500,000 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were purchased at an average cost 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.