CMC Metals (CVE:CMB) Trading Down 25% – Time to Sell?

Shares of CMC Metals Ltd. (CVE:CMB) fell 25% during mid-day trading on Monday . The stock traded as low as C$0.02 and last traded at C$0.02. 124,424 shares traded hands during trading, an increase of 9% from the average session volume of 114,534 shares. The stock had previously closed at C$0.02.

Wall Street Analysts Forecast Growth

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

CMC Metals Trading Up 33.3 %

The firm has a 50-day simple moving average of C$0.02 and a 200-day simple moving average of C$0.02. The stock has a market cap of C$3.15 million, a PE 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.

Insider Activity

In related news, Director Kevin John Brewer acquired 2,500,000 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was bought at an average cost of C$0.03 per share, with a total value of C$62,500.00. Insiders have purchased a total of 2,565,000 shares of company stock worth $63,800 over the last ninety days. Company 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.