CMC Metals (CVE:CMB) Trading 25% Higher – Here’s What Happened

CMC Metals Ltd. (CVE:CMB) was up 25% on Tuesday . The stock traded as high as C$0.03 and last traded at C$0.03. Approximately 561,000 shares traded hands during trading, an increase of 456% from the average daily volume of 100,809 shares. The stock had previously closed at C$0.02.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$0.12 price objective on CMC Metals and gave the company a “buy” rating in a research note on Monday.

CMC Metals Trading Up 25.0 %

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

Insider Buying and Selling

In related news, Director Kevin John Brewer acquired 2,500,000 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was bought at an average price of C$0.03 per share, for a total transaction of C$62,500.00. 5.86% of the stock is owned by company insiders.

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.