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

Shares of CMC Metals Ltd. (CVE:CMB) fell 20% on Monday . The company traded as low as C$0.02 and last traded at C$0.02. 128,167 shares changed hands during mid-day trading, a decline of 3% from the average session volume of 132,053 shares. The stock had previously closed at C$0.03.

Analyst Ratings Changes

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

CMC Metals Stock Down 20.0 %

The firm has a market cap of C$3.15 million, a price-to-earnings ratio of -2.00 and a beta of 0.99. The firm has a 50-day moving average of C$0.02 and a two-hundred day moving average of C$0.02. The company has a current ratio of 2.50, a quick ratio of 2.80 and a debt-to-equity ratio of 8.84.

Insider Buying and Selling at CMC Metals

In related news, Director Kevin John Brewer purchased 2,500,000 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was acquired 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.

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.