CMC Metals (CVE:CMB) Stock Price Down 25% – Time to Sell?

CMC Metals Ltd. (CVE:CMB) was down 25% during trading on Tuesday . The company traded as low as C$0.02 and last traded at C$0.02. Approximately 124,424 shares changed hands during mid-day trading, an increase of 9% from the average daily volume of 114,534 shares. The stock had previously closed at C$0.02.

Analyst Ratings Changes

Separately, Fundamental Research set a C$0.12 target price on CMC Metals and gave the stock a “buy” rating in a research report on Monday, January 6th.

CMC Metals Stock Performance

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 firm has a market cap of C$2.37 million, a P/E ratio of -1.50 and a beta of 0.99. The stock’s 50 day moving average is C$0.02 and its two-hundred day moving average is C$0.02.

Insider Transactions at CMC Metals

In other news, Director Kevin John Brewer bought 2,500,000 shares of the business’s stock in a transaction dated 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. 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.