CMC Metals (CVE:CMB) Trading Down 25% – Here’s Why

Posted by Karen Miller on Feb 4th, 2025

CMC Metals Ltd. (CVE:CMB – Get Free Report)’s share price dropped 25% during trading on Tuesday . The stock traded as low as C$0.02 and last traded at C$0.02. Approximately 124,424 shares changed hands during mid-day trading, an increase of 9% from the average daily volume of 114,534 shares. The stock had previously closed at C$0.02.

Wall Street Analysts Forecast Growth

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

View Our Latest Analysis on CMB

CMC Metals Stock Down 25.0 %

The stock has a market capitalization of C$2.37 million, a PE ratio of -1.50 and a beta of 0.99. 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 business’s fifty day moving average price is C$0.02 and its two-hundred day moving average price is C$0.02.

Insider Buying and Selling at CMC Metals

In other CMC Metals news, Director Kevin John Brewer acquired 2,500,000 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was acquired at an average cost of C$0.03 per share, for a total transaction of C$62,500.00. Company insiders own 5.86% of the company’s stock.

About CMC Metals

(Get Free Report)

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.