CMC Metals (CVE:CMB) Stock Price Down 20% – Here’s Why

CMC Metals Ltd. (CVE:CMBGet Free Report)’s share price was down 20% on Thursday . The stock traded as low as C$0.02 and last traded at C$0.02. Approximately 440,732 shares were traded during trading, an increase of 176% from the average daily volume of 159,677 shares. The stock had previously closed at C$0.03.

Analyst Ratings Changes

Separately, Fundamental Research set a C$0.12 price target on CMC Metals and gave the stock a “buy” rating in a research note on Monday, January 6th.

View Our Latest Stock Report on CMB

CMC Metals Price Performance

The firm has a 50-day moving average of C$0.02 and a 200 day moving average of C$0.02. 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 company has a market capitalization of C$3.94 million, a PE ratio of -2.50 and a beta of 0.99.

Insider Transactions at CMC Metals

In other news, Director Kevin John Brewer acquired 2,500,000 shares of the business’s stock in a transaction that occurred 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. Company insiders own 5.86% of the company’s stock.

About CMC Metals

(Get Free Report)

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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