CMC Metals (CVE:CMB) Trading Down 20% – Time to Sell?

CMC Metals Ltd. (CVE:CMB) shares were down 20% during mid-day trading on Tuesday . The stock traded as low as C$0.02 and last traded at C$0.02. Approximately 100,240 shares traded hands during mid-day trading, a decline of 62% from the average daily volume of 261,331 shares. The stock had previously closed at C$0.03.

CMC Metals Trading Down 20.0 %

The stock’s 50 day moving average is C$0.02 and its 200-day moving average is C$0.03. The company has a market cap of C$3.15 million, a P/E ratio of -2.50 and a beta of 0.99. The company has a current ratio of 2.50, a quick ratio of 2.80 and a debt-to-equity ratio of 8.84.

Insider Activity at CMC Metals

In other CMC Metals news, Director Kevin John Brewer bought 2,500,000 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was acquired at an average price of C$0.03 per share, with a total value of C$62,500.00. 5.86% of the stock is owned by insiders.

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.