Fundamental Research Reiterates “C$0.12” Price Target for CMC Metals (CVE:CMB)

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

CMC Metals Price Performance

Shares of CVE CMB opened at C$0.02 on Monday. The company’s fifty day moving average is C$0.02 and its two-hundred day moving average is C$0.02. The company has a debt-to-equity ratio of 8.84, a quick ratio of 2.80 and a current ratio of 2.50. The firm has a market capitalization of C$3.15 million, a P/E ratio of -2.00 and a beta of 0.99. CMC Metals has a one year low of C$0.02 and a one year high of C$0.05.

Insider Buying and Selling at CMC Metals

In other CMC Metals news, Director Kevin John Brewer acquired 2,500,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were acquired 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 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.