CMC Metals (CVE:CMB) Shares Down 25% – Here’s What Happened

Shares of CMC Metals Ltd. (CVE:CMB) traded down 25% during trading on Monday . The stock traded as low as C$0.02 and last traded at C$0.02. 120,500 shares traded hands during trading, an increase of 5% from the average session volume of 114,316 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 company a “buy” rating in a 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 stock has a 50 day moving average of C$0.02 and a two-hundred day moving average of C$0.02. The stock has a market capitalization of C$3.15 million, a PE ratio of -2.00 and a beta of 0.99.

Insider Buying and Selling at CMC Metals

In other CMC Metals news, Director Kevin John Brewer bought 2,500,000 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were purchased at an average price of C$0.03 per share, with a total value of C$62,500.00. Insiders have acquired a total of 2,565,000 shares of company stock valued at $63,800 over the last ninety days. 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.