CMC Metals Ltd. (CVE:CMB – Get Free Report)’s stock price dropped 25% on Friday . The company traded as low as C$0.02 and last traded at C$0.02. Approximately 182,000 shares were traded during mid-day trading, a decline of 28% from the average daily 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 cap of C$2.37 million, a P/E ratio of -1.50 and a beta of 0.99. The firm’s 50 day moving average is C$0.02 and its two-hundred day moving average is C$0.02. The company has a current ratio of 2.50, a quick ratio of 2.80 and a debt-to-equity ratio of 8.84.
Insiders Place Their Bets
In other CMC Metals news, Director Kevin John Brewer purchased 2,500,000 shares of the stock in a transaction on Thursday, November 21st. The stock was bought at an average cost 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.
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.
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