CMC Metals (CVE:CMB) Stock Price Down 20% – Should You Sell?

CMC Metals Ltd. (CVE:CMB)’s stock price traded down 20% on Wednesday . The company traded as low as C$0.02 and last traded at C$0.02. 440,732 shares changed hands during trading, an increase of 176% from the average session volume of 159,677 shares. The stock had previously closed at C$0.03.

Analysts Set New Price Targets

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

CMC Metals Stock Performance

The company has a fifty day moving average of C$0.02 and a two-hundred day moving average of C$0.02. The firm has a market capitalization of C$3.94 million, a price-to-earnings ratio of -2.50 and a beta of 0.99. The company has a debt-to-equity ratio of 8.84, a quick ratio of 2.80 and a current ratio of 2.50.

Insider Transactions at CMC Metals

In other news, Director Kevin John Brewer acquired 2,500,000 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was bought at an average cost of C$0.03 per share, for a total transaction of C$62,500.00. Company insiders own 5.86% of the company’s stock.

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.