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 traded down 20% during trading on Thursday . The stock traded as low as C$0.02 and last traded at C$0.02. 440,732 shares traded hands during mid-day 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 price target on shares of CMC Metals and gave the stock a “buy” rating in a research report on Monday, January 6th.

Get Our Latest Stock Analysis on CMC Metals

CMC Metals Trading Up 25.0 %

The firm’s 50-day simple moving average is C$0.02 and its 200 day simple moving average is C$0.02. The stock has a market capitalization of C$3.94 million, a P/E ratio of -2.50 and a beta of 0.99. The company has a quick ratio of 2.80, a current ratio of 2.50 and a debt-to-equity ratio of 8.84.

Insider Buying and Selling

In related news, Director Kevin John Brewer purchased 2,500,000 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were bought 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 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.