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

CMC Metals Ltd. (CVE:CMB) shares fell 20% during trading on Thursday . The stock traded as low as C$0.02 and last traded at C$0.02. 368,400 shares were traded during mid-day trading, an increase of 215% from the average session volume of 117,127 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 company a “buy” rating in a report on Monday, January 6th.

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 cap of C$2.37 million, a PE ratio of -1.50 and a beta of 0.99. The business has a 50 day moving average price of C$0.02 and a two-hundred day moving average price of C$0.02.

Insider Transactions at CMC Metals

In other CMC Metals news, Director Kevin John Brewer bought 2,500,000 shares of CMC Metals stock in a transaction dated Thursday, November 21st. The shares were purchased at an average cost of C$0.03 per share, with a total value of C$62,500.00. Over the last ninety days, insiders bought 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.