CMC Metals (CVE:CMB) Stock Price Down 25% – What’s Next?

CMC Metals Ltd. (CVE:CMB) traded down 25% during trading on Friday . The stock traded as low as C$0.02 and last traded at C$0.02. 182,000 shares were traded during mid-day trading, a decline of 28% from the average session volume of 252,754 shares. The stock had previously closed at C$0.02.

CMC Metals Price 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 business has a 50-day simple moving average of C$0.02 and a 200 day simple moving average of C$0.02. The firm has a market cap of C$3.15 million, a P/E ratio of -2.00 and a beta of 0.99.

Insider Activity

In related 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 cost of C$0.03 per share, for a total transaction of C$62,500.00. Company insiders own 5.86% of the company’s stock.

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.