CMC Metals (CVE:CMB) Shares Down 25% – Here’s What Happened

CMC Metals Ltd. (CVE:CMB)’s share price fell 25% during mid-day trading on Monday . The company traded as low as C$0.02 and last traded at C$0.02. 120,500 shares changed hands during trading, an increase of 6% from the average session volume of 113,344 shares. The stock had previously closed at C$0.02.

Wall Street Analysts Forecast Growth

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

CMC Metals Trading Down 25.0 %

The company has a current ratio of 2.50, a quick ratio of 2.80 and a debt-to-equity ratio of 8.84. The firm has a market capitalization of C$2.37 million, a price-to-earnings ratio of -1.50 and a beta of 0.99. The company has a fifty day moving average price of C$0.02 and a two-hundred day moving average price 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 firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were purchased at an average cost 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.

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.