CMC Metals (CVE:CMB) Stock Price Down 25% – Here’s Why

CMC Metals Ltd. (CVE:CMB)’s share price fell 25% on Monday . The stock traded as low as C$0.02 and last traded at C$0.02. 124,424 shares changed hands during mid-day trading, an increase of 9% from the average session volume of 114,534 shares. The stock had previously closed at C$0.02.

Wall Street Analyst Weigh In

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

CMC Metals Stock Performance

The stock has a fifty day simple moving average of C$0.02 and a two-hundred day simple moving average of C$0.02. The company has a debt-to-equity ratio of 8.84, a quick ratio of 2.80 and a current ratio of 2.50. The stock has a market cap of C$3.15 million, a PE ratio of -2.00 and a beta of 0.99.

Insider Transactions at CMC Metals

In related news, Director Kevin John Brewer purchased 2,500,000 shares of the stock in a transaction dated Thursday, November 21st. The shares were acquired at an average cost of C$0.03 per share, for a total transaction of C$62,500.00. Over the last three months, insiders acquired 2,565,000 shares of company stock worth $63,800. Company 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.