CMC Metals (CVE:CMB) Trading Up 25% – Should You Buy?

CMC Metals Ltd. (CVE:CMB)’s share price was up 25% during mid-day trading on Tuesday . The stock traded as high as C$0.03 and last traded at C$0.03. Approximately 561,000 shares traded hands during trading, an increase of 156% from the average daily volume of 219,143 shares. The stock had previously closed at C$0.02.

Wall Street Analyst Weigh In

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

CMC Metals Price Performance

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 has a fifty day moving average of C$0.02 and a 200 day moving average of C$0.02. The stock has a market cap of C$3.94 million, a PE ratio of -2.50 and a beta of 0.99.

Insider Transactions at CMC Metals

In related news, Director Kevin John Brewer purchased 2,500,000 shares of CMC Metals stock in a transaction dated Thursday, November 21st. The shares were acquired at an average price 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.

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.