CMC Metals (CVE:CMB) Reaches New 52-Week Low – Time to Sell?

CMC Metals Ltd. (CVE:CMBGet Free Report)’s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$0.02 and last traded at C$0.02, with a volume of 880723 shares. The stock had previously closed at C$0.03.

CMC Metals Stock Down 20.0 %

The business’s 50-day simple moving average is C$0.02 and its 200 day simple moving average is C$0.03. The firm has a market cap of C$3.15 million, a PE ratio of -2.00 and a beta of 0.99. The company has a current ratio of 2.50, a quick ratio of 2.80 and a debt-to-equity ratio of 8.84.

CMC Metals Company Profile

(Get Free Report)

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.

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