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

CMC Metals Ltd. (CVE:CMB)’s share price traded down 25% on Monday . The company traded as low as C$0.02 and last traded at C$0.02. 124,424 shares were traded during trading, an increase of 9% from the average session volume of 114,534 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 report on Monday, January 6th.

CMC Metals Stock Performance

The company has a market capitalization of C$3.15 million, a P/E ratio of -2.00 and a beta of 0.99. The stock’s 50 day moving average price is C$0.02 and its 200 day moving average price is C$0.02. The company has a debt-to-equity ratio of 8.84, a quick ratio of 2.80 and a current ratio of 2.50.

Insider Buying and Selling at CMC Metals

In other 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 cost of C$0.03 per share, for a total transaction of C$62,500.00. Over the last three months, insiders have acquired 2,565,000 shares of company stock valued at $63,800. 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.