CMC Metals (CVE:CMB) Trading Down 25% – Should You Sell?

CMC Metals Ltd. (CVE:CMB) dropped 25% during trading on Friday . The stock traded as low as C$0.02 and last traded at C$0.02. Approximately 202,000 shares changed hands during mid-day trading, a decline of 20% from the average daily volume of 252,852 shares. The stock had previously closed at C$0.02.

CMC Metals Stock Performance

The company has a market cap of C$2.37 million, a P/E ratio of -1.50 and a beta of 0.99. The stock has a fifty day moving average price of C$0.02 and a two-hundred day moving average price of C$0.02. 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 Buying and Selling at CMC Metals

In other news, Director Kevin John Brewer bought 2,500,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were acquired at an average cost 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.

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.