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

CMC Metals Ltd. (CVE:CMB)’s stock price fell 20% on Thursday . 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.

Wall Street Analyst Weigh In

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

CMC Metals Stock Performance

The stock 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. The stock has a fifty day simple moving average of C$0.02 and a two-hundred day simple moving average of C$0.02.

Insiders Place Their Bets

In other CMC Metals news, Director Kevin John Brewer purchased 2,500,000 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were purchased 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 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.