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

Posted by Tyrone Williams on Jan 16th, 2025

CMC Metals Ltd. (CVE:CMB – Get Free Report)’s stock price dropped 20% on Thursday . The company traded as low as C$0.02 and last traded at C$0.02. Approximately 440,732 shares changed hands during trading, an increase of 176% from the average daily volume of 159,677 shares. The stock had previously closed at C$0.03.

Analyst Ratings Changes

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

Check Out Our Latest Analysis on CMC Metals

CMC Metals Trading Down 20.0 %

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 has a 50-day simple moving average of C$0.02 and a two-hundred day simple moving average of C$0.02. The stock has a market cap of C$3.15 million, a price-to-earnings ratio of -2.00 and a beta of 0.99.

Insiders Place Their Bets

In related news, Director Kevin John Brewer acquired 2,500,000 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was bought at an average price of C$0.03 per share, with a total value of C$62,500.00. Insiders own 5.86% of the company’s stock.

CMC Metals Company Profile

(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.