CMC Metals (CVE:CMB) Trading Up 25% – Should You Buy?

CMC Metals Ltd. (CVE:CMB)’s share price was up 25% on Tuesday . The company traded as high as C$0.03 and last traded at C$0.03. Approximately 561,000 shares changed hands during mid-day trading, an increase of 156% from the average daily volume of 219,143 shares. The stock had previously closed at C$0.02.

Wall Street Analyst Weigh In

Separately, Fundamental Research set a C$0.12 price target on shares of CMC Metals and gave the stock a “buy” rating in a report on Monday.

CMC Metals Stock Performance

The company has a 50-day moving average of C$0.02 and a 200-day moving average of C$0.02. The firm has a market capitalization of C$3.94 million, a P/E ratio of -2.50 and a beta of 0.99. The company has a current ratio of 2.50, a quick ratio of 2.80 and a debt-to-equity ratio of 8.84.

Insider Activity at CMC Metals

In other CMC Metals news, Director Kevin John Brewer purchased 2,500,000 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was acquired at an average price of C$0.03 per share, for a total transaction of C$62,500.00. 5.86% of the stock is owned by corporate insiders.

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.