CMC Metals (CVE:CMB) Reaches New 52-Week Low – Time to Sell?

CMC Metals Ltd. (CVE:CMB)’s stock price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as C$0.02 and last traded at C$0.03, with a volume of 6500 shares traded. The stock had previously closed at C$0.02.

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 note on Monday, January 6th.

CMC Metals Price Performance

The business has a 50-day simple moving average of C$0.02 and a two-hundred day simple moving average of C$0.02. 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 has a market capitalization of C$3.94 million, a price-to-earnings ratio of -2.50 and a beta of 0.99.

Insiders Place Their Bets

In other CMC Metals news, Director Kevin John Brewer purchased 2,500,000 shares of CMC Metals stock in a transaction dated Thursday, November 21st. The stock was acquired 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 owned by 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.