CMC Metals (CVE:CMB) Trading Down 25% – Time to Sell?

CMC Metals Ltd. (CVE:CMB) fell 25% during mid-day trading on Monday . The company traded as low as C$0.02 and last traded at C$0.02. 124,424 shares were traded during trading, an increase of 9% from the average session volume of 114,534 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 stock a “buy” rating in a research note on Monday, January 6th.

CMC Metals Trading Down 25.0 %

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

Insider Buying and Selling

In related news, Director Kevin John Brewer purchased 2,500,000 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was purchased at an average price of C$0.03 per share, with a total value of C$62,500.00. 5.86% of the stock is currently owned by company insiders.

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.