CMC Metals (CVE:CMB) Hits New 1-Year Low – Time to Sell?

CMC Metals Ltd. (CVE:CMB) reached a new 52-week low during trading on Thursday . The stock traded as low as C$0.02 and last traded at C$0.02, with a volume of 80959 shares. The stock had previously closed at C$0.02.

CMC Metals Stock Performance

The company has a debt-to-equity ratio of 8.84, a quick ratio of 2.80 and a current ratio of 2.50. The firm’s 50-day moving average price is C$0.02 and its two-hundred day moving average price is C$0.03. The stock has a market cap of C$3.15 million, a price-to-earnings ratio of -2.00 and a beta of 0.99.

Insiders Place Their Bets

In other CMC Metals news, Director Kevin John Brewer acquired 2,500,000 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was bought at an average cost of C$0.03 per share, for a total transaction 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.