CMC Metals (CVE:CMB) Hits New 52-Week Low – Here’s Why

CMC Metals Ltd. (CVE:CMB) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$0.02 and last traded at C$0.02, with a volume of 16900 shares changing hands. The stock had previously closed at C$0.02.

Analyst Upgrades and Downgrades

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.

CMC Metals Trading Down 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$2.37 million, a price-to-earnings ratio of -1.50 and a beta of 0.99.

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.