CMC Metals (CVE:CMB) Reaches New 12-Month Low – Should You Sell?

CMC Metals Ltd. (CVE:CMB)’s stock price reached a new 52-week low on Tuesday . The company traded as low as C$0.02 and last traded at C$0.02, with a volume of 60000 shares changing hands. The stock had previously closed at C$0.02.

Wall Street Analyst Weigh In

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

CMC Metals Price Performance

The company has a market capitalization of C$2.37 million, a price-to-earnings ratio of -1.50 and a beta of 0.99. The company has a quick ratio of 2.80, a current ratio of 2.50 and a debt-to-equity ratio of 8.84. The company has a 50 day simple moving average of C$0.02 and a 200 day simple moving average of C$0.02.

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.