CMC Metals (CVE:CMB) Stock Price Down 20% – Should You Sell?

CMC Metals Ltd. (CVE:CMBGet Free Report)’s stock price was down 20% during trading on Wednesday . The company traded as low as C$0.02 and last traded at C$0.02. Approximately 440,732 shares traded hands during trading, an increase of 176% from the average daily volume of 159,677 shares. The stock had previously closed at C$0.03.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Stock Analysis on CMB

CMC Metals Stock Performance

The stock has a fifty day moving average price of C$0.02 and a 200-day moving average price of 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 firm has a market capitalization of C$3.15 million, a price-to-earnings ratio of -2.00 and a beta of 0.99.

Insider Buying and Selling at CMC Metals

In other CMC Metals news, Director Kevin John Brewer purchased 2,500,000 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was purchased at an average cost of C$0.03 per share, with a total value of C$62,500.00. Company insiders own 5.86% of the company’s stock.

About CMC Metals

(Get Free Report)

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.

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