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

CMC Metals Ltd. (CVE:CMB)’s share price traded down 20% on Thursday . The company traded as low as C$0.02 and last traded at C$0.02. 440,732 shares changed 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 Ratings Changes

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

CMC Metals Trading Up 25.0 %

The company has a quick ratio of 2.80, a current ratio of 2.50 and a debt-to-equity ratio of 8.84. The business’s fifty day moving average is C$0.02 and its 200-day moving average is C$0.02. The stock has a market capitalization of C$3.94 million, a PE ratio of -2.50 and a beta of 0.99.

Insider Activity

In other news, Director Kevin John Brewer acquired 2,500,000 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were bought at an average cost of C$0.03 per share, for a total transaction of C$62,500.00. Corporate 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.