CMC Metals (CVE:CMB) Stock Price Down 20% – What’s Next?

CMC Metals Ltd. (CVE:CMB) shares traded down 20% during mid-day trading on Wednesday . The company traded as low as C$0.02 and last traded at C$0.02. 440,732 shares changed hands during mid-day trading, an increase of 227% from the average session volume of 134,677 shares. The stock had previously closed at C$0.03.

Wall Street Analysts Forecast Growth

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

CMC Metals Trading Up 25.0 %

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 company’s 50 day moving average is C$0.02 and its 200 day moving average is C$0.02. 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.

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 shares were bought at an average price of C$0.03 per share, with a total value of C$62,500.00. Insiders own 5.86% of the company’s stock.

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.