CMC Metals (CVE:CMB) PT Set at C$0.12 by Fundamental Research

CMC Metals (CVE:CMB) received a C$0.12 price target from analysts at Fundamental Research in a report issued on Monday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Fundamental Research’s price target points to a potential upside of 500.00% from the company’s previous close.

CMC Metals Stock Performance

Shares of CMB stock remained flat at C$0.02 during trading hours on Monday. The stock had a trading volume of 24,000 shares, compared to its average volume of 15,715. The business’s fifty day moving average price is C$0.02 and its 200 day moving average price is C$0.02. CMC Metals has a 1-year low of C$0.02 and a 1-year high of C$0.05. 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$3.15 million, a P/E ratio of -2.00 and a beta of 0.99.

Insider Activity

In related news, Director Kevin John Brewer purchased 2,500,000 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was acquired at an average price of C$0.03 per share, for a total transaction of C$62,500.00. 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.