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

CMC Metals Ltd. (CVE:CMB) shares fell 20% on Wednesday . The stock 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 Ratings Changes

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

CMC Metals Price Performance

The stock has a market capitalization of C$3.15 million, a P/E ratio of -2.00 and a beta of 0.99. The company has a debt-to-equity ratio of 8.84, a quick ratio of 2.80 and a current ratio of 2.50. The firm has a fifty day moving average price of C$0.02 and a two-hundred day moving average price of C$0.02.

Insider Activity at CMC Metals

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

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.