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

CMC Metals Ltd. (CVE:CMB)’s share price fell 20% during trading on Thursday . The company traded as low as C$0.02 and last traded at C$0.02. 368,400 shares were traded during trading, an increase of 215% from the average session volume of 117,127 shares. The stock had previously closed at C$0.03.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$0.12 price objective on 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 firm’s 50-day moving average price is C$0.02 and its 200-day moving average price is C$0.02. The stock has a market capitalization of C$3.15 million, a PE ratio of -2.00 and a beta of 0.99.

Insider Buying and Selling at CMC Metals

In other news, Director Kevin John Brewer acquired 2,500,000 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were acquired 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 worth $63,800 over the last ninety days. 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.