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

CMC Metals Ltd. (CVE:CMB) hit a new 52-week low on Thursday . The company traded as low as C$0.02 and last traded at C$0.02, with a volume of 20000 shares trading hands. The stock had previously closed at C$0.02.

Wall Street Analyst Weigh In

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

CMC Metals Stock Performance

The business has a fifty day moving average of C$0.02 and a 200-day moving average of C$0.02. The stock has a market capitalization of C$3.15 million, a price-to-earnings ratio of -2.00 and a beta of 0.99. The company has a debt-to-equity ratio of 8.84, a current ratio of 2.50 and a quick ratio of 2.80.

About CMC Metals

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.