CMC Metals (CVE:CMB) Trading Down 25% – Should You Sell?

CMC Metals Ltd. (CVE:CMB) shares traded down 25% on Tuesday . The stock traded as low as C$0.02 and last traded at C$0.02. 124,424 shares were traded 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 Analysts Forecast Growth

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

CMC Metals Stock Up 33.3 %

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 debt-to-equity ratio of 8.84, a current ratio of 2.50 and a quick ratio of 2.80. The firm has a market capitalization of C$3.15 million, a price-to-earnings ratio of -2.00 and a beta of 0.99.

Insider Activity at CMC Metals

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. Over 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.