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

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

Analyst Upgrades and Downgrades

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

CMC Metals Trading Up 25.0 %

The firm’s 50-day simple moving average is C$0.02 and its 200 day simple moving average is 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. The firm has a market capitalization of C$3.94 million, a price-to-earnings ratio of -2.50 and a beta of 0.99.

Insider Transactions at CMC Metals

In related news, Director Kevin John Brewer purchased 2,500,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were bought at an average cost of C$0.03 per share, with a total value of C$62,500.00. 5.86% of the stock is owned by insiders.

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.