CMC Metals Ltd. (CVE:CMB – Get Free Report)’s stock price was down 20% during mid-day trading on Wednesday . The company traded as low as C$0.02 and last traded at C$0.02. Approximately 440,732 shares changed hands during mid-day trading, an increase of 176% from the average daily volume of 159,677 shares. The stock had previously closed at C$0.03.
Analysts Set New Price Targets
Separately, Fundamental Research set a C$0.12 price objective on shares of CMC Metals and gave the company a “buy” rating in a research note on Monday, January 6th.
Check Out Our Latest Analysis on CMC Metals
CMC Metals Stock Performance
Insider Buying and Selling
In other CMC Metals news, Director Kevin John Brewer bought 2,500,000 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was purchased at an average price of C$0.03 per share, with a total value of C$62,500.00. 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.
Featured Articles
- Five stocks we like better than CMC Metals
- Dividend King Proctor & Gamble Is A Buy On Post-Earnings Weakness
- 4 Social Media Stocks Set to Gain as TikTok Ban Looms
- Dividend Capture Strategy: What You Need to Know
- How Do Stock Buybacks Affect Shareholders?
- Election Stocks: How Elections Affect the Stock Market
- JPMorgan Chase & Co. Stock Can Hit $300 This Year
Receive News & Ratings for CMC Metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CMC Metals and related companies with MarketBeat.com's FREE daily email newsletter.