CMC Metals (CVE:CMB) Sets New 1-Year Low – What’s Next?

Shares of CMC Metals Ltd. (CVE:CMB) reached a new 52-week low on Thursday . The company traded as low as C$0.02 and last traded at C$0.02, with a volume of 41099 shares trading hands. The stock had previously closed at C$0.02.

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 report on Monday, January 6th.

CMC Metals Price Performance

The company’s 50-day simple moving average is C$0.02 and its 200-day simple moving average is 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 stock has a market capitalization of C$3.15 million, a P/E ratio of -2.00 and a beta of 0.99.

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.