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

Shares of CMC Metals Ltd. (CVE:CMB) fell 25% during trading on Monday . The stock traded as low as C$0.02 and last traded at C$0.02. Approximately 124,424 shares traded hands during mid-day trading, an increase of 9% from the average session volume of 114,534 shares. The stock had previously closed at C$0.02.

Analysts Set New Price Targets

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

CMC Metals Trading Down 25.0 %

The firm has a market cap of C$2.37 million, a price-to-earnings ratio of -1.50 and a beta of 0.99. The business has a 50 day moving average of C$0.02 and a 200 day 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 Buying and Selling at CMC Metals

In other CMC Metals news, Director Kevin John Brewer acquired 2,500,000 shares of the stock in a transaction dated Thursday, November 21st. The stock was acquired 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 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.