CMC Metals (CVE:CMB) Shares Down 25% – Here’s Why

CMC Metals Ltd. (CVE:CMB) fell 25% during trading on Tuesday . The stock traded as low as C$0.02 and last traded at C$0.02. 124,424 shares were traded during mid-day trading, an increase of 9% from the average session volume of 114,534 shares. The stock had previously closed at C$0.02.

Wall Street Analysts Forecast Growth

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

CMC Metals Trading Up 33.3 %

The firm has a 50 day simple moving average of C$0.02 and a 200 day simple moving average of 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 firm has a market cap of C$3.15 million, a P/E ratio of -2.00 and a beta of 0.99.

Insider Buying and Selling at CMC Metals

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 shares were purchased at an average price of C$0.03 per share, with a total value of C$62,500.00. Insiders have acquired a total of 2,565,000 shares of company stock valued at $63,800 in the last 90 days. Corporate insiders own 5.86% of the company’s stock.

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.