CMC Metals (CVE:CMB) Trading Down 25% – Should You Sell?

CMC Metals Ltd. (CVE:CMB) was down 25% on Friday . The stock traded as low as C$0.02 and last traded at C$0.02. Approximately 202,000 shares changed hands during mid-day trading, a decline of 20% from the average daily volume of 252,852 shares. The stock had previously closed at C$0.02.

CMC Metals Price Performance

The company has a market capitalization of C$3.15 million, a P/E ratio of -2.00 and a beta of 0.99. The company has a quick ratio of 2.80, a current ratio of 2.50 and a debt-to-equity ratio of 8.84. The business has a 50 day simple moving average of C$0.02 and a 200-day simple moving average of C$0.02.

Insider Activity at CMC Metals

In other CMC Metals news, Director Kevin John Brewer bought 2,500,000 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were purchased at an average cost of C$0.03 per share, for a total transaction of C$62,500.00. 5.86% of the stock is currently owned by 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.