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

CMC Metals Ltd. (CVE:CMB)’s share price traded down 20% during trading on Wednesday . The company traded as low as C$0.02 and last traded at C$0.02. 440,732 shares changed hands during mid-day trading, an increase of 227% from the average session volume of 134,677 shares. The stock had previously closed at C$0.03.

Analysts Set New Price Targets

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

CMC Metals Stock Up 25.0 %

The company has a debt-to-equity ratio of 8.84, a quick ratio of 2.80 and a current ratio of 2.50. The company has a market capitalization of C$3.94 million, a PE ratio of -2.50 and a beta of 0.99. The company’s fifty day moving average is C$0.02 and its 200-day moving average is C$0.02.

Insider Transactions at CMC Metals

In other CMC Metals news, Director Kevin John Brewer acquired 2,500,000 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was purchased at an average price 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.