CMC Metals (CVE:CMB) Trading Down 25% – What’s Next?

Shares of CMC Metals Ltd. (CVE:CMB) fell 25% during trading on Monday . The company traded as low as C$0.02 and last traded at C$0.02. 120,500 shares were traded during trading, an increase of 6% from the average session volume of 113,344 shares. The stock had previously closed at C$0.02.

Analyst Ratings Changes

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

CMC Metals Price Performance

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$3.15 million, a PE ratio of -2.00 and a beta of 0.99. The company’s fifty day simple moving average is C$0.02 and its two-hundred day simple moving average is C$0.02.

Insider Transactions at CMC Metals

In related news, Director Kevin John Brewer acquired 2,500,000 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was bought at an average price of C$0.03 per share, with a total value of C$62,500.00. Insiders acquired a total of 2,565,000 shares of company stock valued at $63,800 in the last ninety days. Corporate 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.