CMC Metals (CVE:CMB) Reaches New 12-Month Low – Here’s What Happened

CMC Metals Ltd. (CVE:CMB)’s share price hit a new 52-week low during trading on Wednesday . The company traded as low as C$0.02 and last traded at C$0.02, with a volume of 1000 shares traded. The stock had previously closed at C$0.03.

Analyst Ratings Changes

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

CMC Metals Price Performance

The stock has a market cap of C$3.15 million, a PE ratio of -2.00 and a beta of 0.99. The stock’s fifty day moving average is C$0.02 and its 200-day moving average is C$0.02. The company has a debt-to-equity ratio of 8.84, a current ratio of 2.50 and a quick ratio of 2.80.

Insider Activity

In other CMC Metals news, Director Kevin John Brewer bought 2,500,000 shares of CMC Metals stock in a transaction on Thursday, November 21st. The shares were bought at an average price of C$0.03 per share, for a total transaction of C$62,500.00. Corporate 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.