CMC Metals (CVE:CMB) Shares Down 25% – Time to Sell?

CMC Metals Ltd. (CVE:CMB)’s share 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 traded hands during trading, an increase of 9% from the average daily volume of 114,534 shares. The stock had previously closed at C$0.02.

Analysts Set New Price Targets

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 Stock Performance

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

Insider Buying and Selling at CMC Metals

In other CMC Metals news, Director Kevin John Brewer bought 2,500,000 shares of CMC Metals stock in a transaction dated Thursday, November 21st. The stock was purchased at an average price of C$0.03 per share, for a total transaction of C$62,500.00. Insiders have acquired a total of 2,565,000 shares of company stock valued at $63,800 over the last three months. 5.86% of the stock is currently owned by 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.