CMC Metals (CVE:CMB) Trading 25% Higher – Still a Buy?

CMC Metals Ltd. (CVE:CMB) traded up 25% on Tuesday . The stock traded as high as C$0.03 and last traded at C$0.03. 561,000 shares traded hands during trading, an increase of 456% from the average session volume of 100,809 shares. The stock had previously closed at C$0.02.

Analysts Set New Price Targets

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

CMC Metals Stock Performance

The company has a fifty day moving average price of C$0.02 and a two-hundred day moving average price 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. The company has a market capitalization of C$3.94 million, a P/E ratio of -2.50 and a beta of 0.99.

Insider Buying and Selling

In related news, Director Kevin John Brewer bought 2,500,000 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were purchased 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 corporate 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.