CMC Metals (CVE:CMB) Sets New 52-Week Low – Here’s Why

CMC Metals Ltd. (CVE:CMB) shares reached 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 traded. The stock had previously closed at C$0.02.

CMC Metals Price Performance

The stock has a market capitalization of C$3.15 million, a P/E ratio of -2.00 and a beta of 0.99. The business has a fifty day simple moving average of C$0.02 and a 200 day simple moving average of C$0.02. 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 Buying and Selling

In other news, Director Kevin John Brewer bought 2,500,000 shares of the firm’s stock in a transaction 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 owned by corporate insiders.

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.