CMC Metals (CVE:CMB) Trading Down 16.7% – Here’s What Happened

CMC Metals Ltd. (CVE:CMBGet Free Report) was down 16.7% on Tuesday . The company traded as low as C$0.03 and last traded at C$0.03. Approximately 936,000 shares were traded during mid-day trading, an increase of 271% from the average daily volume of 252,037 shares. The stock had previously closed at C$0.03.

CMC Metals Price Performance

The firm has a 50-day moving average of C$0.02 and a 200-day moving average of C$0.03. The company has a debt-to-equity ratio of 8.84, a quick ratio of 2.80 and a current ratio of 2.50. The firm has a market capitalization of C$3.94 million, a P/E ratio of -2.50 and a beta of 0.99.

CMC Metals Company Profile

(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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