CMC Metals (CVE:CMB) Trading Down 20% – What’s Next?

CMC Metals Ltd. (CVE:CMB) traded down 20% during mid-day trading on Thursday . The stock traded as low as C$0.02 and last traded at C$0.02. Approximately 440,732 shares were traded during trading, an increase of 176% from the average session 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 target price on shares of CMC Metals and gave the stock a “buy” rating in a report on Monday, January 6th.

CMC Metals Stock Up 25.0 %

The company has a quick ratio of 2.80, a current ratio of 2.50 and a debt-to-equity ratio of 8.84. The stock has a market cap of C$3.94 million, a P/E ratio of -2.50 and a beta of 0.99. The company’s 50 day moving average price is C$0.02 and its two-hundred day moving average price is C$0.02.

Insider Buying and Selling

In other CMC Metals news, Director Kevin John Brewer bought 2,500,000 shares of CMC Metals stock in a transaction that occurred on Thursday, November 21st. The shares were bought at an average cost of C$0.03 per share, with a total value of C$62,500.00. 5.86% of the stock is currently owned by insiders.

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.