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

Shares of CMC Metals Ltd. (CVE:CMB) fell 25% during trading on Tuesday . The company traded as low as C$0.02 and last traded at C$0.02. 124,424 shares changed 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.

Wall Street Analyst Weigh In

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

CMC Metals Stock Performance

The company has a current ratio of 2.50, a quick ratio of 2.80 and a debt-to-equity ratio of 8.84. The company’s 50 day moving average is C$0.02 and its 200-day moving average is C$0.02. The company has a market capitalization of C$3.15 million, a P/E ratio of -2.00 and a beta of 0.99.

Insider Buying and Selling at CMC Metals

In other CMC Metals news, Director Kevin John Brewer acquired 2,500,000 shares of the company’s stock in a transaction that occurred 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. In the last ninety days, insiders bought 2,565,000 shares of company stock worth $63,800. 5.86% of the stock is owned by corporate 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.