CMC Metals Ltd (CVE:CMB) shares rose 55.6% during mid-day trading on Tuesday . The company traded as high as C$0.08 and last traded at C$0.07, approximately 254,999 shares traded hands during trading. An increase of 531% from the average daily volume of 40,405 shares. The stock had previously closed at C$0.05.
The stock has a market cap of $2.35 million and a P/E ratio of -2.71. The stock has a fifty day simple moving average of C$0.05 and a 200-day simple moving average of C$0.06.
About CMC Metals (CVE:CMB)
CMC Metals Ltd. engages in the acquisition and exploration of mineral properties in Canada and the United States. It explores for silver-zinc-lead deposits. The company holds a 100% interest in the Silver Hart property consisting of 116 contiguous and partial claims covering an area of 2,200 hectares located in the Watson Lake Mining District, Yukon Territories.
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