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

CMC Metals Ltd. (CVE:CMB) shares fell 20% during trading on Monday . The company traded as low as C$0.02 and last traded at C$0.02. 125,167 shares were traded during trading, a decline of 5% from the average session volume of 131,839 shares. The stock had previously closed at C$0.03.

Wall Street Analyst Weigh In

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

CMC Metals Trading Down 20.0 %

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 capitalization 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 current ratio of 2.50 and a quick ratio of 2.80.

Insider Buying and Selling

In other news, Director Kevin John Brewer bought 2,500,000 shares of the stock in a transaction that occurred 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. 5.86% of the stock is owned by corporate insiders.

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.