CMC Metals (CVE:CMB) Sets New 52-Week Low – Here’s What Happened

CMC Metals Ltd. (CVE:CMB)’s stock price reached a new 52-week low on Wednesday . The stock traded as low as C$0.02 and last traded at C$0.02, with a volume of 14000 shares trading hands. The stock had previously closed at C$0.03.

CMC Metals Stock Performance

The company’s fifty day simple moving average is C$0.02 and its 200 day simple moving average is C$0.03. The company has a debt-to-equity ratio of 8.84, a current ratio of 2.50 and a quick ratio of 2.80. The firm has a market capitalization of C$3.15 million, a PE ratio of -2.00 and a beta of 0.99.

Insider Transactions at CMC Metals

In other CMC Metals news, Director Kevin John Brewer bought 2,500,000 shares of CMC Metals stock in a transaction on Thursday, November 21st. The stock was bought at an average price of C$0.03 per share, with a total value of C$62,500.00. Insiders own 5.86% of the company’s stock.

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.