CMC Metals (CVE:CMB) Sets New 12-Month Low – What’s Next?

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

CMC Metals Stock Performance

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. The company’s fifty day simple moving average is C$0.02 and its two-hundred day simple moving average is C$0.03. The company has a debt-to-equity ratio of 8.84, a current ratio of 2.50 and a quick ratio of 2.80.

Insider Transactions at CMC Metals

In related news, Director Kevin John Brewer purchased 2,500,000 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was acquired at an average cost of C$0.03 per share, with a total value of C$62,500.00. 5.86% of the stock is currently owned by 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.

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