CMC Metals (CVE:CMB) Hits New 12-Month Low – Here’s Why

CMC Metals Ltd. (CVE:CMB) shares reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$0.02 and last traded at C$0.02, with a volume of 1000 shares traded. The stock had previously closed at C$0.03.

Wall Street Analyst Weigh In

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

CMC Metals Stock Down 20.0 %

The company has a market capitalization of C$3.15 million, a price-to-earnings ratio of -2.00 and a beta of 0.99. The firm’s 50 day moving average price is C$0.02 and its two-hundred day moving average price is C$0.02. The company has a current ratio of 2.50, a quick ratio of 2.80 and a debt-to-equity ratio of 8.84.

Insider Buying and Selling at CMC Metals

In related news, Director Kevin John Brewer bought 2,500,000 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was bought at an average price of C$0.03 per share, for a total transaction of C$62,500.00. Corporate 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.