CMC Metals (CVE:CMB) Trading Down 25% – Time to Sell?

Shares of CMC Metals Ltd. (CVE:CMB) traded down 25% on Tuesday . The company traded as low as C$0.02 and last traded at C$0.02. 124,424 shares changed hands during 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 target price on shares of CMC Metals and gave the stock a “buy” rating in a report on Monday, January 6th.

CMC Metals Trading Up 33.3 %

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

Insiders Place Their Bets

In other news, Director Kevin John Brewer bought 2,500,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were bought at an average cost of C$0.03 per share, for a total transaction of C$62,500.00. In the last quarter, insiders acquired 2,565,000 shares of company stock worth $63,800. Corporate 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.