CMC Metals (CVE:CMB) Reaches New 52-Week Low – What’s Next?

CMC Metals Ltd. (CVE:CMB) shares hit a new 52-week low on Monday . The stock traded as low as C$0.02 and last traded at C$0.02, with a volume of 20000 shares trading hands. The stock had previously closed at C$0.02.

CMC Metals Price Performance

The company has a debt-to-equity ratio of 8.84, a quick ratio of 2.80 and a current ratio of 2.50. The company’s fifty day moving average price is C$0.02 and its 200-day moving average price is C$0.03. The stock has a market cap of C$3.15 million, a P/E ratio of -2.00 and a beta of 0.99.

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.