CMC Metals (CVE:CMB) Trading Down 25% – Should You Sell?

CMC Metals Ltd. (CVE:CMB)’s stock price fell 25% during trading on Friday . The company traded as low as C$0.02 and last traded at C$0.02. 182,000 shares were traded during trading, a decline of 28% from the average session volume of 252,754 shares. The stock had previously closed at C$0.02.

CMC Metals Stock Down 25.0 %

The firm has a market capitalization of C$2.37 million, a price-to-earnings ratio of -1.50 and a beta of 0.99. 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 stock has a fifty day moving average of C$0.02 and a two-hundred day moving average of C$0.02.

Insider Activity

In other CMC Metals news, Director Kevin John Brewer acquired 2,500,000 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were bought at an average cost 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.