CMC Metals (CVE:CMB) Sets New 1-Year Low – Time to Sell?

CMC Metals Ltd. (CVE:CMB) hit a new 52-week low during trading on Thursday . The stock traded as low as C$0.02 and last traded at C$0.02, with a volume of 41099 shares traded. The stock had previously closed at C$0.02.

Analyst Upgrades and Downgrades

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

CMC Metals Price Performance

The company has a current ratio of 2.50, a quick ratio of 2.80 and a debt-to-equity ratio of 8.84. The firm has a market capitalization of C$3.15 million, a P/E ratio of -2.00 and a beta of 0.99. The company’s fifty day simple moving average is C$0.02 and its 200 day simple moving average is C$0.02.

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.