CMC Metals (CVE:CMB) Shares Down 25% – What’s Next?

Shares of CMC Metals Ltd. (CVE:CMB) fell 25% on Monday . The stock 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.

Analysts Set New Price Targets

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

CMC Metals Price Performance

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 company has a fifty day moving average price of C$0.02 and a 200 day moving average price of C$0.02. The company has a market capitalization of C$2.37 million, a P/E 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 CMC Metals stock in a transaction dated Thursday, November 21st. The stock was bought at an average price of C$0.03 per share, with a total value of C$62,500.00. 5.86% of the stock is owned by company 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.