CMC Metals (CVE:CMB) Sets New 12-Month Low – Should You Sell?

CMC Metals Ltd. (CVE:CMB) shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$0.02 and last traded at C$0.02, with a volume of 60000 shares trading hands. The stock had previously closed at C$0.02.

Wall Street Analyst Weigh In

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

CMC Metals Stock Performance

The stock has a market capitalization of C$2.37 million, a PE ratio of -1.50 and a beta of 0.99. The stock has a 50 day moving average of C$0.02 and a two-hundred day moving average of 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.

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.