CMC Metals (CVE:CMB) Hits New 1-Year Low – What’s Next?

CMC Metals Ltd. (CVE:CMBGet Free Report) hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$0.02 and last traded at C$0.02, with a volume of 20000 shares trading hands. The stock had previously closed at C$0.02.

CMC Metals Stock Performance

The firm has a 50 day moving average of C$0.02 and a 200-day moving average of C$0.03. The company has a market cap of C$3.15 million, a P/E ratio of -2.00 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.

About CMC Metals

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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.

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