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

CMC Metals Ltd. (CVE:CMB)’s share price fell 25% during trading on Monday . The company traded as low as C$0.02 and last traded at C$0.02. 124,424 shares traded hands during mid-day 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 report on Monday, January 6th.

CMC Metals Trading Up 33.3 %

The stock has a fifty day moving average of C$0.02 and a 200-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. The company has a market cap of C$3.15 million, a PE ratio of -2.00 and a beta of 0.99.

Insider Activity 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 that occurred on Thursday, November 21st. The stock was bought at an average price of C$0.03 per share, for a total transaction of C$62,500.00. Insiders acquired a total of 2,565,000 shares of company stock worth $63,800 in the last quarter. 5.86% of the stock is owned by company insiders.

About CMC Metals

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.