CMC Metals (CVE:CMB) Hits New 12-Month Low – Here’s Why

CMC Metals Ltd. (CVE:CMB) shares hit a new 52-week low during trading on Thursday . The company traded as low as C$0.02 and last traded at C$0.02, with a volume of 41099 shares changing hands. The stock had previously closed at C$0.02.

Wall Street Analysts Forecast Growth

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 note on Monday, January 6th.

CMC Metals Price Performance

The firm has a market capitalization of C$3.15 million, a P/E ratio of -2.00 and a beta of 0.99. The company has a debt-to-equity ratio of 8.84, a current ratio of 2.50 and a quick ratio of 2.80. The stock has a fifty day moving average of C$0.02 and a 200 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.