CMC Metals (CVE:CMB) Stock Price Down 20% – What’s Next?

Posted by Steve Reilly on Jan 18th, 2025

Shares of CMC Metals Ltd. (CVE:CMB – Get Free Report) fell 20% during mid-day trading on Wednesday . The company traded as low as C$0.02 and last traded at C$0.02. 440,732 shares were traded during mid-day trading, an increase of 176% from the average session volume of 159,677 shares. The stock had previously closed at C$0.03.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$0.12 price objective on CMC Metals and gave the stock a “buy” rating in a report on Monday, January 6th.

View Our Latest Research Report on CMB

CMC Metals Stock Up 25.0 %

The company’s 50-day moving average price is C$0.02 and its 200 day moving average price is C$0.02. 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 stock has a market cap of C$3.94 million, a PE ratio of -2.50 and a beta of 0.99.

Insider Buying and Selling at CMC Metals

In related news, Director Kevin John Brewer purchased 2,500,000 shares of the business’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 corporate insiders.

About CMC Metals

(Get Free Report)

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.