CMC Metals (CVE:CMB) Stock Price Down 20% – Should You Sell?

Posted by Teresa Graham on Jan 18th, 2025

CMC Metals Ltd. (CVE:CMB – Get Free Report) shares fell 20% during trading on Thursday . The stock traded as low as C$0.02 and last traded at C$0.02. 440,732 shares changed hands during trading, an increase of 176% from the average session volume of 159,677 shares. The stock had previously closed at C$0.03.

Analyst Ratings Changes

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

View Our Latest Research Report on CMB

CMC Metals Stock Performance

The company has a debt-to-equity ratio of 8.84, a current ratio of 2.50 and a quick ratio of 2.80. The stock has a market capitalization of C$3.94 million, a PE ratio of -2.50 and a beta of 0.99. The firm has a fifty day moving average price of C$0.02 and a two-hundred day moving average price of C$0.02.

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 dated 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. 5.86% of the stock is currently owned by corporate insiders.

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.