CMC Metals (CVE:CMB) Stock Price Up 25% – Still a Buy?

CMC Metals Ltd. (CVE:CMB) shares traded up 25% during trading on Tuesday . The stock traded as high as C$0.03 and last traded at C$0.03. 561,000 shares traded hands during trading, an increase of 156% from the average session volume of 219,143 shares. The stock had previously closed at C$0.02.

Wall Street Analysts Forecast Growth

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

CMC Metals Stock Up 25.0 %

The company has a quick ratio of 2.80, a current ratio of 2.50 and a debt-to-equity ratio of 8.84. The firm has a fifty day moving average of C$0.02 and a 200-day moving average of C$0.02. The firm has a market cap of C$3.94 million, a P/E ratio of -2.50 and a beta of 0.99.

Insider Activity

In other news, Director Kevin John Brewer bought 2,500,000 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was acquired at an average cost of C$0.03 per share, for a total transaction of C$62,500.00. 5.86% of the stock is currently owned by insiders.

About CMC Metals

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.