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

Posted by James Quigley on Jan 16th, 2025

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

Wall Street Analysts Forecast Growth

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

Read Our Latest Stock Report on CMC Metals

CMC Metals Stock Down 20.0 %

The company has a market capitalization of C$3.15 million, a PE 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 company’s 50-day moving average is C$0.02 and its 200 day moving average is C$0.02.

Insider Activity

In other CMC Metals news, Director Kevin John Brewer bought 2,500,000 shares of the firm’s 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. Corporate 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.