CMC Metals (CVE:CMB) Sets New 1-Year Low – Time to Sell?

CMC Metals Ltd. (CVE:CMBGet Free Report) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$0.02 and last traded at C$0.02, with a volume of 10750 shares. The stock had previously closed at C$0.02.

CMC Metals Price Performance

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

Insiders Place Their Bets

In other CMC Metals 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 purchased at an average price of C$0.03 per share, for a total transaction of C$62,500.00. 5.86% of the stock is currently owned by insiders.

About CMC Metals

(Get Free Report)

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.

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