CMC Metals Ltd. (CVE:CMB – Get 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
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
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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