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

Shares of CMC Metals Ltd. (CVE:CMB) reached a new 52-week low on Wednesday . The company traded as low as C$0.02 and last traded at C$0.02, with a volume of 83875 shares. The stock had previously closed at C$0.02.

Wall Street Analyst Weigh In

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

CMC Metals Stock Performance

The firm’s 50-day simple moving average is C$0.02 and its two-hundred day simple moving average is 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. The stock has a market capitalization of C$3.15 million, a PE ratio of -2.00 and a beta of 0.99.

Insiders Place Their Bets

In other news, Director Kevin John Brewer acquired 2,500,000 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were purchased at an average price of C$0.03 per share, for a total transaction of C$62,500.00. Insiders purchased a total of 2,565,000 shares of company stock worth $63,800 in the last quarter. 5.86% of the stock is currently owned by corporate insiders.

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.