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

CMC Metals Ltd. (CVE:CMB)’s share price dropped 25% on Monday . The company traded as low as C$0.02 and last traded at C$0.02. Approximately 120,500 shares changed hands during mid-day trading, an increase of 5% from the average daily volume of 114,316 shares. The stock had previously closed at C$0.02.

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.

CMC Metals Stock Performance

The stock has a market capitalization of C$2.37 million, a P/E ratio of -1.50 and a beta of 0.99. The stock has a 50 day simple moving average of C$0.02 and a two-hundred day simple moving average of C$0.02. 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 Activity

In other news, Director Kevin John Brewer bought 2,500,000 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were bought at an average cost 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

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.