CMC Metals Ltd. (CVE:CMB – Get Free Report) dropped 20% on Wednesday . The company traded as low as C$0.02 and last traded at C$0.02. Approximately 242,349 shares traded hands during mid-day trading, a decline of 1% from the average daily volume of 243,794 shares. The stock had previously closed at C$0.03.
CMC Metals Stock Performance
The stock has a market capitalization of C$3.15 million, a price-to-earnings ratio of -2.50 and a beta of 0.95. The company has a current ratio of 2.50, a quick ratio of 2.80 and a debt-to-equity ratio of 8.84. The stock’s 50 day moving average is C$0.02 and its two-hundred day moving average is C$0.03.
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.
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