CMC Metals (CVE:CMB) Stock Price Up 25% – Still a Buy?

CMC Metals Ltd. (CVE:CMB) shares rose 25% during mid-day trading on Tuesday . The company traded as high as C$0.03 and last traded at C$0.03. Approximately 561,000 shares changed hands during mid-day trading, an increase of 156% from the average daily volume of 219,143 shares. The stock had previously closed at C$0.02.

Analysts Set New Price Targets

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

CMC Metals Stock Up 25.0 %

The company has a current ratio of 2.50, a quick ratio of 2.80 and a debt-to-equity ratio of 8.84. The firm has a market capitalization of C$3.94 million, a P/E ratio of -2.50 and a beta of 0.99. The stock’s 50-day simple moving average is C$0.02 and its 200-day simple moving average is C$0.02.

Insider Buying and Selling

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

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.