CMC Metals' stock plunges 20%, yet gets a "buy" rating with insiders purchasing shares.
CMC Metals (CVE:CMB) saw its share price drop by 20% to C$0.02, a significant decrease from its previous close of C$0.03. Despite this, Fundamental Research gave the stock a "buy" rating with a target price of C$0.12. The company, which explores for minerals like silver, zinc, and gold in Canada and the US, has seen insider buying, with Director Kevin John Brewer purchasing 2.5 million shares. CMC Metals has a market cap of C$3.15 million and a debt-to-equity ratio of 8.84.
5 weeks ago
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