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

Posted by Linda Flegge on Jan 16th, 2025

Shares of CMC Metals Ltd. (CVE:CMB – Get Free Report) fell 20% during trading on Wednesday . The stock 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.

Analyst Upgrades and Downgrades

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

View Our Latest Analysis on CMB

CMC Metals Trading Down 20.0 %

The firm has a market cap of C$3.15 million, a P/E ratio of -2.00 and a beta of 0.99. The company’s fifty day moving average price is C$0.02 and its two-hundred day moving average price 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.

Insider Transactions at CMC Metals

In other CMC Metals news, Director Kevin John Brewer acquired 2,500,000 shares of CMC Metals stock in a transaction 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. 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.