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

Posted by Xavier Holt on Jan 17th, 2025

CMC Metals Ltd. (CVE:CMB – Get Free Report) dropped 20% during mid-day trading on Wednesday . The stock traded as low as C$0.02 and last traded at C$0.02. Approximately 440,732 shares traded hands during trading, an increase of 176% from the average daily volume of 159,677 shares. The stock had previously closed at C$0.03.

Wall Street Analysts Forecast Growth

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

Read Our Latest Stock Analysis on CMB

CMC Metals Trading Up 25.0 %

The company’s fifty day moving average price is C$0.02 and its two-hundred day moving average price is C$0.02. The company has a quick ratio of 2.80, a current ratio of 2.50 and a debt-to-equity ratio of 8.84. The company has a market cap of C$3.94 million, a price-to-earnings ratio of -2.50 and a beta of 0.99.

Insider Buying and Selling

In related news, Director Kevin John Brewer acquired 2,500,000 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was purchased 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 corporate 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.