CMC Metals (CVE:CMB) Hits New 52-Week Low – Time to Sell?

CMC Metals Ltd. (CVE:CMB)’s stock price hit a new 52-week low during trading on Wednesday . The stock traded as low as C$0.02 and last traded at C$0.02, with a volume of 16900 shares changing hands. The stock had previously closed at C$0.02.

Analyst Ratings Changes

Separately, Fundamental Research set a C$0.12 price objective on shares of CMC Metals and gave the company a “buy” rating in a research report 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 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 firm has a market cap of C$2.37 million, a P/E ratio of -1.50 and a beta of 0.99.

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.