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

CMC Metals Ltd. (CVE:CMB) shares traded down 20% during mid-day trading on Wednesday . The stock traded as low as C$0.02 and last traded at C$0.02. 440,732 shares were traded during trading, an increase of 227% from the average session volume of 134,677 shares. The stock had previously closed at C$0.03.

Analyst Ratings Changes

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

CMC Metals Price Performance

The company has a 50 day moving average of C$0.02 and a 200 day moving average of C$0.02. 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 stock 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

In other CMC Metals news, Director Kevin John Brewer acquired 2,500,000 shares of the stock in a transaction dated Thursday, November 21st. The stock was acquired 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.

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.