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

CMC Metals Ltd. (CVE:CMB)’s share price fell 25% during trading on Monday . The stock traded as low as C$0.02 and last traded at C$0.02. 124,424 shares changed hands during mid-day trading, an increase of 9% from the average session volume of 114,534 shares. The stock had previously closed at C$0.02.

Wall Street Analyst Weigh In

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

CMC Metals Stock Performance

The company’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 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 quick ratio of 2.80 and a current ratio of 2.50.

Insiders Place Their Bets

In other news, Director Kevin John Brewer bought 2,500,000 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were purchased at an average price of C$0.03 per share, with a total value of C$62,500.00. In the last ninety days, insiders bought 2,565,000 shares of company stock valued at $63,800. Corporate insiders own 5.86% of the company’s stock.

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.