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

Posted by Stacy Sanders on Feb 3rd, 2025

CMC Metals Ltd. (CVE:CMB – Get Free Report)’s stock price fell 25% during mid-day trading on Monday . The stock 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 target price on CMC Metals and gave the stock a “buy” rating in a research note on Monday, January 6th.

Check Out Our Latest Analysis on CMB

CMC Metals Stock Down 25.0 %

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 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 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 news, Director Kevin John Brewer bought 2,500,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were bought at an average cost of C$0.03 per share, with a total value of C$62,500.00. 5.86% of the stock is currently owned by insiders.

CMC Metals Company Profile

(Get Free Report)

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.