CMC Metals (CVE:CMB) Stock Price Down 20% – Here’s What Happened

Posted by Bonnie Powley on Jan 14th, 2025

CMC Metals Ltd. (CVE:CMB – Get Free Report)’s share price fell 20% during trading on Tuesday . The stock traded as low as C$0.02 and last traded at C$0.02. 151,001 shares traded hands during mid-day trading, an increase of 53% from the average session volume of 98,877 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 shares of CMC Metals and gave the company a “buy” rating in a research note on Monday, January 6th.

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CMC Metals Stock Performance

The company has a market cap of C$3.94 million, a PE ratio of -2.50 and a beta of 0.99. 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 50 day moving average price of C$0.02 and a 200 day moving average price of C$0.02.

Insider Buying and Selling at CMC Metals

In other news, Director Kevin John Brewer acquired 2,500,000 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were bought at an average price of C$0.03 per share, for a total transaction of C$62,500.00. 5.86% of the stock is owned by company insiders.

About CMC Metals

(Get Free Report)

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.