CMC Metals (CVE:CMB) Hits New 12-Month Low – Here’s Why

Shares of CMC Metals Ltd. (CVE:CMB) reached 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 538534 shares. The stock had previously closed at C$0.02.

CMC Metals Stock Performance

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 company has a market cap of C$3.15 million, a PE ratio of -2.00 and a beta of 0.99. The business’s 50-day simple moving average is C$0.02 and its 200-day simple moving average is C$0.03.

Insider Transactions at CMC Metals

In other CMC Metals news, Director Kevin John Brewer purchased 2,500,000 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were bought at an average price of C$0.03 per share, for a total transaction of C$62,500.00. 5.86% of the stock is currently owned by company insiders.

About CMC Metals

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.