Fundamental Research Analysts Give CMC Metals (CVE:CMB) a C$0.12 Price Target

Fundamental Research set a C$0.12 price objective on CMC Metals (CVE:CMB) in a research report report published on Monday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

CMC Metals Trading Up 25.0 %

Shares of CMB stock opened at C$0.03 on Monday. The company has a debt-to-equity ratio of 8.84, a current ratio of 2.50 and a quick ratio of 2.80. The company has a market cap of C$3.94 million, a price-to-earnings ratio of -2.50 and a beta of 0.99. CMC Metals has a 1 year low of C$0.02 and a 1 year high of C$0.05. The firm has a fifty day moving average price of C$0.02 and a 200-day moving average price of C$0.02.

Insiders Place Their Bets

In other news, Director Kevin John Brewer purchased 2,500,000 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was acquired at an average cost of C$0.03 per share, for a total transaction 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.