CMC Metals (CVE:CMB) Stock Price Down 25% – Time to Sell?

CMC Metals Ltd. (CVE:CMB) shares were down 25% on Monday . The stock traded as low as C$0.02 and last traded at C$0.02. Approximately 124,424 shares were traded during trading, an increase of 9% from the average daily volume of 114,316 shares. The stock had previously closed at C$0.02.

Wall Street Analysts Forecast Growth

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

CMC Metals Stock Up 33.3 %

The stock has a market capitalization of C$3.15 million, a P/E ratio of -2.00 and a beta of 0.99. 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 company’s 50-day moving average price is C$0.02 and its 200 day moving average price is C$0.02.

Insider Buying and Selling at CMC Metals

In other CMC Metals news, Director Kevin John Brewer bought 2,500,000 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were purchased at an average price of C$0.03 per share, with a total value of C$62,500.00. Insiders bought 2,565,000 shares of company stock worth $63,800 in the last quarter. 5.86% of the stock is owned by corporate 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.