CMC Metals (CVE:CMB) Stock Price Down 20% – Time to Sell?

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 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.

Wall Street Analysts Forecast Growth

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

CMC Metals Stock Performance

The stock has a 50-day moving average of C$0.02 and a 200 day moving average of C$0.02. 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 stock has a market cap of C$3.94 million, a PE ratio of -2.50 and a beta of 0.99.

Insiders Place Their Bets

In related 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 acquired at an average price of C$0.03 per share, with a total value of C$62,500.00. 5.86% of the stock is owned by insiders.

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.