CMC Metals (CVE:CMB) Sets New 52-Week Low – Should You Sell?

CMC Metals Ltd. (CVE:CMB) reached a new 52-week low on Monday . The company traded as low as C$0.02 and last traded at C$0.02, with a volume of 49000 shares traded. The stock had previously closed at C$0.02.

Wall Street Analysts Forecast Growth

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

CMC Metals Stock Up 33.3 %

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 capitalization of C$3.15 million, a PE ratio of -2.00 and a beta of 0.99. The company’s 50 day moving average is C$0.02 and its two-hundred day moving average is C$0.02.

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.