CMC Metals Ltd. (CVE:CMB – Get Free Report) shares dropped 20% on Wednesday . The company traded as low as C$0.02 and last traded at C$0.02. Approximately 440,732 shares changed hands during mid-day trading, an increase of 176% from the average daily volume of 159,677 shares. The stock had previously closed at C$0.03.
Wall Street Analysts Forecast Growth
Separately, Fundamental Research set a C$0.12 target price on shares of CMC Metals and gave the company a “buy” rating in a research note on Monday, January 6th.
View Our Latest Stock Report on CMB
CMC Metals Stock Performance
Insiders Place Their Bets
In other CMC Metals news, Director Kevin John Brewer bought 2,500,000 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was acquired 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.
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