CMC Metals Ltd. (CVE:CMB – Get Free Report)’s share price was down 20% on Thursday . The stock traded as low as C$0.02 and last traded at C$0.02. Approximately 440,732 shares changed hands during 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 Analyst Weigh In
Separately, Fundamental Research set a C$0.12 price target on shares of CMC Metals and gave the stock a “buy” rating in a research report on Monday, January 6th.
Read Our Latest Research Report on CMC Metals
CMC Metals Stock Performance
Insider Buying and Selling
In related news, Director Kevin John Brewer purchased 2,500,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were purchased 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
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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