CMC Metals (CVE:CMB) Hits New 52-Week Low – What’s Next?

CMC Metals Ltd. (CVE:CMB) shares hit a new 52-week low on Wednesday . The company traded as low as C$0.02 and last traded at C$0.02, with a volume of 14000 shares trading hands. The stock had previously closed at C$0.03.

CMC Metals Stock Down 20.0 %

The company’s 50-day moving average price is C$0.02 and its 200 day moving average price is C$0.03. The stock has a market cap of C$3.15 million, a PE ratio of -2.00 and a beta of 0.99. The company has a debt-to-equity ratio of 8.84, a quick ratio of 2.80 and a current ratio of 2.50.

Insider Transactions at CMC Metals

In other CMC Metals news, Director Kevin John Brewer purchased 2,500,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was 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.