Cymat Technologies (CVE:CYM) Shares Down 20% – Here’s What Happened

Cymat Technologies Ltd. (CVE:CYMGet Free Report)’s stock price was down 20% during mid-day trading on Wednesday . The stock traded as low as C$0.06 and last traded at C$0.06. Approximately 239,027 shares changed hands during mid-day trading, an increase of 413% from the average daily volume of 46,563 shares. The stock had previously closed at C$0.08.

Cymat Technologies Price Performance

The firm has a 50-day moving average price of C$0.08 and a two-hundred day moving average price of C$0.10. The company has a market capitalization of C$6.02 million, a P/E ratio of -1.00 and a beta of -0.32. The company has a quick ratio of 1.58, a current ratio of 0.27 and a debt-to-equity ratio of -126.64.

Cymat Technologies Company Profile

(Get Free Report)

Cymat Technologies Ltd., a materials technology company, manufactures and sells stabilized aluminum foam (SAF) products worldwide. Its SAF products for use in architectural, blast mitigation, and energy absorption applications. The company also provides architectural materials under the Alusion brand name; and energy management and engineering-focused products under the SmartMetal brand name. It serves automotive, architecture, defense, and general industrial market applications. The company was incorporated in 2006 and is based in Mississauga, Canada.

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