CMC Metals (CVE:CMB) Shares Down 20% – Should You Sell?

CMC Metals Ltd. (CVE:CMB) traded down 20% during mid-day trading on Wednesday . The company traded as low as C$0.02 and last traded at C$0.02. 368,400 shares were traded during mid-day trading, an increase of 215% from the average session volume of 117,083 shares. The stock had previously closed at C$0.03.

Wall Street Analyst Weigh In

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

CMC Metals Trading Down 20.0 %

The company has a current ratio of 2.50, a quick ratio of 2.80 and a debt-to-equity ratio of 8.84. 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 stock has a 50 day simple moving average of C$0.02 and a 200-day simple moving average of C$0.02.

Insider Buying and Selling

In other CMC Metals news, Director Kevin John Brewer acquired 2,500,000 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were bought at an average cost of C$0.03 per share, with a total value of C$62,500.00. In the last ninety days, insiders bought 2,565,000 shares of company stock valued at $63,800. Company insiders own 5.86% of the company’s stock.

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.