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

CMC Metals Ltd. (CVE:CMB) shares fell 20% on Monday . The stock traded as low as C$0.02 and last traded at C$0.02. 125,167 shares were traded during trading, a decline of 5% from the average session volume of 131,839 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 Stock Performance

The stock’s 50-day simple moving average is C$0.02 and its 200 day simple moving average is 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 company has a market capitalization of C$3.15 million, a PE ratio of -2.00 and a beta of 0.99.

Insider Buying and Selling at CMC Metals

In related news, Director Kevin John Brewer bought 2,500,000 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were purchased at an average cost of C$0.03 per share, with a total value 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.