CMC Metals (CVE:CMB) Sets New 1-Year Low – Here’s What Happened

CMC Metals Ltd. (CVE:CMB)’s stock price reached a new 52-week low on Thursday . The stock traded as low as C$0.02 and last traded at C$0.03, with a volume of 6500 shares traded. The stock had previously closed at C$0.02.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$0.12 price target on shares of CMC Metals and gave the stock a “buy” rating in a report on Monday, January 6th.

CMC Metals Stock Up 25.0 %

The stock has a market cap of C$3.94 million, a PE ratio of -2.50 and a beta of 0.99. The business has a fifty day moving average of C$0.02 and a 200-day moving average of C$0.02. The company has a debt-to-equity ratio of 8.84, a current ratio of 2.50 and a quick ratio of 2.80.

Insiders Place Their Bets

In other CMC Metals news, Director Kevin John Brewer acquired 2,500,000 shares of the stock in a transaction that occurred 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. Company insiders own 5.86% of the company’s stock.

CMC Metals Company Profile

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.