CMC Metals (CVE:CMB) Trading Down 20% – Should You Sell?

CMC Metals Ltd. (CVE:CMB)’s stock price fell 20% during trading on Wednesday . The company traded as low as C$0.02 and last traded at C$0.02. 367,400 shares were traded during trading, an increase of 214% from the average session volume of 117,083 shares. The stock had previously closed at C$0.03.

Analysts Set New Price Targets

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

CMC Metals Stock Performance

The company has a market cap of C$3.15 million, a price-to-earnings ratio of -2.00 and a beta of 0.99. The firm has a 50-day simple moving average of C$0.02 and a 200 day simple moving average of C$0.02. The company has a quick ratio of 2.80, a current ratio of 2.50 and a debt-to-equity ratio of 8.84.

Insider Activity at CMC Metals

In other news, Director Kevin John Brewer acquired 2,500,000 shares of CMC Metals stock in a transaction that occurred 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. Insiders have purchased 2,565,000 shares of company stock worth $63,800 in the last quarter. Company 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.