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

CMC Metals Ltd. (CVE:CMB) shares 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$0.02, with a volume of 20000 shares changing hands. The stock had previously closed at C$0.02.

Analyst Ratings Changes

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.

CMC Metals Price Performance

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 company has a current ratio of 2.50, a quick ratio of 2.80 and a debt-to-equity ratio of 8.84. The stock has a 50-day moving average of C$0.02 and a two-hundred day moving average of C$0.02.

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.