CMC Metals (CVE:CMB) Sets New 52-Week Low – Should You Sell?

CMC Metals Ltd. (CVE:CMBGet Free Report) hit a new 52-week low on Wednesday . The company traded as low as C$0.02 and last traded at C$0.02, with a volume of 10750 shares changing hands. 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 company has a fifty day simple moving average of C$0.02 and a two-hundred day simple moving average of C$0.02. The firm has a market capitalization of C$3.15 million, a PE ratio of -2.00 and a beta of 0.99.

Insider Activity at CMC Metals

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

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