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

CMC Metals Ltd. (CVE:CMB)’s stock price traded down 20% during mid-day trading on Wednesday . The stock traded as low as C$0.02 and last traded at C$0.02. Approximately 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 Ratings Changes

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

CMC Metals Stock Performance

The company’s fifty day simple moving average is C$0.02 and its two-hundred day simple moving average is C$0.02. 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 stock has a market capitalization of C$3.94 million, a P/E ratio of -2.50 and a beta of 0.99.

Insider Buying and Selling

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 shares were purchased at an average price of C$0.03 per share, for a total transaction of C$62,500.00. 5.86% of the stock is currently owned by 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.