CMC Metals (CVE:CMB) Stock Price Down 8% – Here’s Why

CMC Metals Ltd. (CVE:CMBGet Free Report)’s stock price fell 8% during mid-day trading on Thursday . The company traded as low as C$0.02 and last traded at C$0.02. 223,932 shares traded hands during mid-day trading, a decline of 8% from the average session volume of 244,489 shares. The stock had previously closed at C$0.03.

CMC Metals Price Performance

The business’s 50 day moving average is C$0.02 and its 200-day moving average is C$0.03. The firm has a market capitalization of C$3.63 million, a P/E ratio of -2.30 and a beta of 0.99. The company has a quick ratio of 2.80, a current ratio of 2.50 and a debt-to-equity ratio of 8.84.

CMC Metals Company Profile

(Get Free Report)

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.

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