CMC Metals (CVE:CMB) Reaches New 1-Year Low – Time to Sell?

CMC Metals Ltd. (CVE:CMB)’s stock price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as C$0.02 and last traded at C$0.02, with a volume of 49000 shares trading hands. The stock had previously closed at C$0.02.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$0.12 price target on CMC Metals and gave the stock a “buy” rating in a research report on Monday, January 6th.

CMC Metals Stock 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 capitalization of C$3.15 million, a PE ratio of -2.00 and a beta of 0.99. The business’s 50 day moving average is C$0.02 and its 200 day moving average is C$0.02.

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.