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

Posted by Lisa Pomrenke on Jan 18th, 2025

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

Analyst Upgrades and Downgrades

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

Get Our Latest Analysis on CMC Metals

CMC Metals Stock Up 25.0 %

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 company has a 50 day simple moving average of C$0.02 and a two-hundred day simple moving average of C$0.02. The firm has a market capitalization of C$3.94 million, a P/E ratio of -2.50 and a beta of 0.99.

Insider Buying and Selling

In other news, Director Kevin John Brewer bought 2,500,000 shares of CMC Metals stock in a transaction dated Thursday, November 21st. The shares were purchased at an average cost of C$0.03 per share, with a total value of C$62,500.00. 5.86% of the stock is owned by company insiders.

CMC Metals Company Profile

(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.