CMC Metals (CVE:CMB) Stock Price Up 25% – Should You Buy?

CMC Metals Ltd. (CVE:CMB)’s share price shot up 25% during mid-day trading on Tuesday . The company traded as high as C$0.03 and last traded at C$0.03. 561,000 shares were traded during mid-day trading, an increase of 156% from the average session volume of 219,143 shares. The stock had previously closed at C$0.02.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$0.12 price target on shares of CMC Metals and gave the stock a “buy” rating in a research note on Monday.

CMC Metals Stock Up 25.0 %

The firm has a market capitalization 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 firm has a 50-day moving average of C$0.02 and a two-hundred day moving average of C$0.02.

Insider Transactions at CMC Metals

In other CMC Metals news, Director Kevin John Brewer acquired 2,500,000 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was bought at an average cost of C$0.03 per share, for a total transaction of C$62,500.00. Company 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.