CMC Metals (CVE:CMB) Shares Down 25% – What’s Next?

CMC Metals Ltd. (CVE:CMB)’s stock price dropped 25% on Monday . The company traded as low as C$0.02 and last traded at C$0.02. Approximately 124,424 shares changed hands during mid-day trading, an increase of 9% from the average daily volume of 114,534 shares. The stock had previously closed at C$0.02.

Wall Street Analyst Weigh In

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

CMC Metals Trading Down 25.0 %

The stock has a 50-day moving average of C$0.02 and a two-hundred day moving average of C$0.02. The company has a market cap of C$2.37 million, a P/E ratio of -1.50 and a beta of 0.99. The company has a debt-to-equity ratio of 8.84, a quick ratio of 2.80 and a current ratio of 2.50.

Insiders Place Their Bets

In other CMC Metals news, Director Kevin John Brewer bought 2,500,000 shares of CMC Metals stock in a transaction on Thursday, November 21st. The stock was acquired at an average cost 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.

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.