CMC Metals (CVE:CMB) Stock Price Down 25% – Here’s What Happened

CMC Metals Ltd. (CVE:CMB)’s share price dropped 25% on Friday . The company traded as low as C$0.02 and last traded at C$0.02. Approximately 182,000 shares changed hands during trading, a decline of 28% from the average daily volume of 252,754 shares. The stock had previously closed at C$0.02.

CMC Metals Trading Down 25.0 %

The company has a quick ratio of 2.80, a current ratio of 2.50 and a debt-to-equity ratio of 8.84. The firm has a 50 day moving average of C$0.02 and a 200 day moving average of C$0.02. The firm has a market cap of C$2.37 million, a PE ratio of -1.50 and a beta of 0.99.

Insider Buying and Selling

In other news, Director Kevin John Brewer purchased 2,500,000 shares of the stock in a transaction dated Thursday, November 21st. The shares were purchased at an average cost of C$0.03 per share, with a total value of C$62,500.00. 5.86% of the stock is currently owned by insiders.

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.