CMC Metals (CVE:CMB) Stock Price Down 20% – Here’s What Happened

Posted by Jeff Wilder on Jan 14th, 2025

CMC Metals Ltd. (CVE:CMB – Get Free Report) fell 20% during mid-day trading on Tuesday . The company traded as low as C$0.02 and last traded at C$0.02. 151,001 shares were traded during trading, an increase of 53% from the average session volume of 98,877 shares. The stock had previously closed at C$0.03.

Wall Street Analysts Forecast Growth

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

Read Our Latest Analysis on CMB

CMC Metals Stock Performance

The firm has a market cap of C$3.94 million, a price-to-earnings ratio of -2.50 and a beta of 0.99. The company has a quick ratio of 2.80, a current ratio of 2.50 and a debt-to-equity ratio of 8.84. The business has a 50 day moving average of C$0.02 and a 200 day moving average of C$0.02.

Insider Buying and Selling at CMC Metals

In other CMC Metals news, Director Kevin John Brewer acquired 2,500,000 shares of the company’s stock in a transaction that occurred on 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. 5.86% of the stock is owned by company insiders.

About CMC Metals

(Get Free Report)

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.