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

Shares of CMC Metals Ltd. (CVE:CMB) fell 20% on Tuesday . The stock traded as low as C$0.02 and last traded at C$0.02. 151,001 shares were traded during trading, an increase of 53% from the average session volume of 98,877 shares. The stock had previously closed at C$0.03.

Analyst Ratings Changes

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

CMC Metals Stock Down 20.0 %

The firm has a market capitalization of C$3.15 million, a price-to-earnings ratio of -2.00 and a beta of 0.99. 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 company’s 50 day moving average price is C$0.02 and its 200 day moving average price is C$0.02.

Insider Buying and Selling at CMC Metals

In related news, Director Kevin John Brewer acquired 2,500,000 shares of the stock in a transaction on Thursday, November 21st. The shares were acquired at an average price 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.

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.