CMC Metals (CVE:CMB) Stock Price Down 20% – Here’s What Happened

Posted by Tech Dows on Jan 16th, 2025

CMC Metals Ltd. (CVE:CMB – Get Free Report) shares dropped 20% on Thursday . The stock traded as low as C$0.02 and last traded at C$0.02. Approximately 440,732 shares changed hands during trading, an increase of 176% from the average daily volume of 159,677 shares. The stock had previously closed at C$0.03.

Wall Street Analyst Weigh In

Separately, Fundamental Research set a C$0.12 price objective on CMC Metals and gave the stock a “buy” rating in a research note on Monday, January 6th.

View Our Latest Analysis on CMB

CMC Metals Trading Down 20.0 %

The firm has a market capitalization of C$3.15 million, a P/E 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. The firm has a 50 day moving average price of C$0.02 and a two-hundred day moving average price of C$0.02.

Insider Transactions at CMC Metals

In other CMC Metals news, Director Kevin John Brewer bought 2,500,000 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was acquired at an average price of C$0.03 per share, with a total value of C$62,500.00. Corporate insiders own 5.86% of the company’s stock.

CMC Metals Company Profile

(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.