CMC Metals (CVE:CMB) Trading Down 25% – What’s Next?

CMC Metals Ltd. (CVE:CMB) shares were down 25% on Tuesday . The stock traded as low as C$0.02 and last traded at C$0.02. Approximately 124,424 shares were traded 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.

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.

CMC Metals Trading Down 25.0 %

The company has a market cap of C$2.37 million, a P/E ratio of -1.50 and a beta of 0.99. The business has a fifty day simple moving average of C$0.02 and a 200 day simple 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.

Insider Activity at CMC Metals

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

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.