CMC Metals (CVE:CMB) Stock Price Down 20% – Here’s What Happened

CMC Metals Ltd. (CVE:CMB)’s stock price fell 20% during 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 mid-day trading, an increase of 176% from the average session volume of 159,677 shares. The stock had previously closed at C$0.03.

Analysts Set New Price Targets

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

CMC Metals Stock Down 20.0 %

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. The firm has a 50-day moving average of C$0.02 and a 200 day moving average of C$0.02. The company has a current ratio of 2.50, a quick ratio of 2.80 and a debt-to-equity ratio of 8.84.

Insider Activity

In other CMC Metals news, Director Kevin John Brewer acquired 2,500,000 shares of the stock in a transaction on Thursday, November 21st. The stock was purchased at an average price of C$0.03 per share, for a total transaction of C$62,500.00. 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.