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

Posted by Grant Hamersma on Jan 16th, 2025

CMC Metals Ltd. (CVE:CMB – Get Free Report) fell 20% during trading on Thursday . The stock traded as low as C$0.02 and last traded at C$0.02. 440,732 shares changed hands during trading, an increase of 176% from the average session volume of 159,677 shares. The stock had previously closed at C$0.03.

Wall Street Analyst Weigh In

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.

Check Out Our Latest Analysis on CMB

CMC Metals Price Performance

The company’s 50-day moving average price is C$0.02 and its two-hundred day moving average price is C$0.02. 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 company has a market capitalization of C$3.15 million, a P/E ratio of -2.00 and a beta of 0.99.

Insider Buying and Selling at CMC Metals

In other news, Director Kevin John Brewer acquired 2,500,000 shares of the stock in a transaction on Thursday, November 21st. The shares were purchased at an average price of C$0.03 per share, for a total transaction of C$62,500.00. Insiders own 5.86% of the company’s stock.

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.