CMC Metals (CVE:CMB) Trading Down 25% – Here’s Why

CMC Metals Ltd. (CVE:CMB)’s stock price fell 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 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 firm has a market capitalization of C$3.15 million, a price-to-earnings ratio of -2.00 and a beta of 0.99. The company has a quick ratio of 2.80, a current ratio of 2.50 and a debt-to-equity ratio of 8.84. The company’s fifty day moving average is C$0.02 and its two-hundred day moving average is C$0.02.

Insiders Place Their Bets

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

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.