CMC Metals (CVE:CMB) Reaches New 12-Month Low – What’s Next?

CMC Metals Ltd. (CVE:CMB)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$0.02 and last traded at C$0.03, with a volume of 57099 shares trading hands. The stock had previously closed at C$0.02.

Analyst Ratings Changes

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 current ratio of 2.50, a quick ratio of 2.80 and a debt-to-equity ratio of 8.84. The stock has a market cap of C$3.94 million, a PE ratio of -2.50 and a beta of 0.99. The firm’s 50-day moving average price is C$0.02 and its two-hundred day moving average price is C$0.02.

Insider Activity at CMC Metals

In other news, Director Kevin John Brewer bought 2,500,000 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were purchased at an average price of C$0.03 per share, for a total transaction of C$62,500.00. Insiders have purchased a total of 2,565,000 shares of company stock valued at $63,800 over the last quarter. 5.86% of the stock is owned by corporate 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.