Insider Buying: Copper Mountain Mining Co.. (TSE:CMMC) Director Acquires 50,000 Shares of Stock

Copper Mountain Mining Co.. (TSE:CMMC) Director Allan Thomas Cloke bought 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were acquired at an average price of C$0.59 per share, for a total transaction of C$29,500.00. Following the completion of the transaction, the director now owns 261,600 shares in the company, valued at C$154,344.

Copper Mountain Mining Co.. stock remained flat at $C$0.59 during mid-day trading on Tuesday. 115,080 shares of the company’s stock traded hands, compared to its average volume of 264,695. The company has a quick ratio of 0.28, a current ratio of 0.51 and a debt-to-equity ratio of 106.44. Copper Mountain Mining Co.. has a 52-week low of C$0.58 and a 52-week high of C$1.18. The firm’s 50 day moving average price is C$0.64 and its two-hundred day moving average price is C$0.75. The firm has a market capitalization of $114.80 million and a PE ratio of -10.93.

Several equities research analysts recently commented on CMMC shares. BMO Capital Markets cut their target price on shares of Copper Mountain Mining Co.. from C$1.80 to C$1.50 in a research report on Thursday, September 26th. Haywood Securities downgraded shares of Copper Mountain Mining Co.. from a “buy” rating to a “hold” rating and cut their target price for the stock from C$1.50 to C$1.00 in a research report on Tuesday, July 23rd. Cormark cut their target price on shares of Copper Mountain Mining Co.. from C$1.85 to C$1.75 in a research report on Tuesday, July 23rd. National Bank Financial cut their target price on shares of Copper Mountain Mining Co.. from C$1.10 to C$1.00 in a research report on Monday. Finally, TD Securities cut their target price on shares of Copper Mountain Mining Co.. from C$1.60 to C$1.30 in a research report on Monday, July 22nd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Copper Mountain Mining Co.. has a consensus rating of “Buy” and an average price target of C$1.38.

Copper Mountain Mining Co.. Company Profile

Copper Mountain Mining Corporation operates as a mining company in Canada. The company explores for copper, gold, and silver deposits. It primarily holds 75% interest in the Copper Mountain mine that comprise 135 crown granted mineral claims, 156 located mineral claims, 14 mining leases, and 12 fee simple properties covering an area of 6,702.1 hectares located to the south of Princeton, British Columbia.

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