CMC Metals (CVE:CMB) Trading Down 20% – What’s Next?

Posted by Samantha Reynolds on Jan 18th, 2025

CMC Metals Ltd. (CVE:CMB – Get Free Report)’s share price fell 20% during trading on Thursday . The company traded as low as C$0.02 and last traded at C$0.02. 440,732 shares traded hands during trading, an increase of 176% from the average session volume of 159,677 shares. The stock had previously closed at C$0.03.

Analyst Upgrades and Downgrades

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

View Our Latest Stock Analysis on CMB

CMC Metals Trading Up 25.0 %

The company has a market capitalization of C$3.94 million, a price-to-earnings ratio of -2.50 and a beta of 0.99. 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 business’s 50 day moving average price is C$0.02 and its two-hundred day moving average price is C$0.02.

Insider Buying and Selling at CMC Metals

In other news, Director Kevin John Brewer bought 2,500,000 shares of the stock in a transaction on Thursday, November 21st. The stock was acquired 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.

CMC Metals Company Profile

(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.