CMC Metals (CVE:CMB) Shares Up 25% – Still a Buy?

Shares of CMC Metals Ltd. (CVE:CMB) rose 25% on Tuesday . The stock traded as high as C$0.03 and last traded at C$0.03. Approximately 561,000 shares traded hands during mid-day trading, an increase of 456% from the average daily volume of 100,809 shares. The stock had previously closed at C$0.02.

Analysts Set New Price Targets

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

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 debt-to-equity ratio of 8.84, a quick ratio of 2.80 and a current ratio of 2.50. The stock’s 50-day simple moving average is C$0.02 and its 200 day simple moving average is C$0.02.

Insider Transactions at CMC Metals

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. 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.