CMC Metals (CVE:CMB) Reaches New 52-Week Low – Time to Sell?

CMC Metals Ltd. (CVE:CMB)’s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as C$0.02 and last traded at C$0.03, with a volume of 6500 shares traded. The stock had previously closed at C$0.02.

Wall Street Analyst Weigh In

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

CMC Metals Stock Performance

The firm has a market cap of C$3.94 million, a PE 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 has a fifty day moving average price of C$0.02 and a 200 day moving average price 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 acquired at an average price of C$0.03 per share, for a total transaction of C$62,500.00. Company insiders own 5.86% of the company’s stock.

CMC Metals Company Profile

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.