CMC Metals (CVE:CMB) Stock Price Down 25% – What’s Next?

CMC Metals Ltd. (CVE:CMB)’s share price traded down 25% during mid-day trading on Tuesday . The company traded as low as C$0.02 and last traded at C$0.02. 124,424 shares were traded during trading, an increase of 9% from the average session volume of 114,534 shares. The stock had previously closed at C$0.02.

Wall Street Analysts Forecast Growth

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

CMC Metals Price Performance

The company has a 50 day moving average of C$0.02 and a two-hundred day moving average of C$0.02. The firm has a market cap of C$3.15 million, a P/E ratio of -2.00 and a beta of 0.99. 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 Buying and Selling

In other news, Director Kevin John Brewer purchased 2,500,000 shares of CMC Metals stock in a transaction on Thursday, November 21st. The shares were purchased at an average cost of C$0.03 per share, for a total transaction of C$62,500.00. In the last ninety days, insiders purchased 2,565,000 shares of company stock worth $63,800. 5.86% of the stock is currently owned by insiders.

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.