Fundamental Research Reiterates C$0.12 Price Target for CMC Metals (CVE:CMB)

Fundamental Research set a C$0.12 target price on CMC Metals (CVE:CMB) in a research report report published on Monday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

CMC Metals Price Performance

CMB stock opened at C$0.03 on Monday. CMC Metals has a 52 week low of C$0.02 and a 52 week high of C$0.05. The firm has a market capitalization of C$3.94 million, a P/E ratio of -2.50 and a beta of 0.99. The company has a fifty day simple moving average of C$0.02 and a two-hundred day simple 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.

Insider Activity at CMC Metals

In other news, Director Kevin John Brewer acquired 2,500,000 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was bought at an average cost 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.