CMC Metals (CVE:CMB) Trading Down 25% – Should You Sell?

CMC Metals Ltd. (CVE:CMB)’s share price fell 25% on Friday . The company traded as low as C$0.02 and last traded at C$0.02. 182,000 shares traded hands during mid-day trading, a decline of 28% from the average session volume of 252,754 shares. The stock had previously closed at C$0.02.

CMC Metals Price Performance

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 debt-to-equity ratio of 8.84, a current ratio of 2.50 and a quick ratio of 2.80. The stock’s 50-day simple moving average is C$0.02 and its two-hundred day simple moving average is C$0.02.

Insider Buying and Selling

In other CMC Metals news, Director Kevin John Brewer purchased 2,500,000 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was bought at an average cost of C$0.03 per share, for a total transaction of C$62,500.00. 5.86% of the stock is currently owned by company 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.