Cymat Technologies (CVE:CYM) Stock Price Down 8.3% – Here’s What Happened

Cymat Technologies Ltd. (CVE:CYM)’s stock price dropped 8.3% during mid-day trading on Wednesday . The stock traded as low as C$0.11 and last traded at C$0.11. Approximately 219,000 shares traded hands during mid-day trading, an increase of 280% from the average daily volume of 57,687 shares. The stock had previously closed at C$0.12.

Cymat Technologies Trading Down 8.3%

The business’s 50-day moving average price is C$0.12 and its 200 day moving average price is C$0.15. The company has a debt-to-equity ratio of -109.14, a current ratio of 0.23 and a quick ratio of 1.58. The firm has a market capitalization of C$11.00 million, a price-to-earnings ratio of -1.83 and a beta of -0.12.

Cymat Technologies Company Profile

Cymat Technologies Ltd., a materials technology company, manufactures and sells stabilized aluminum foam (SAF) products worldwide. Its SAF products for use in architectural, blast mitigation, and energy absorption applications. The company also provides architectural materials under the Alusion brand name; and energy management and engineering-focused products under the SmartMetal brand name. It serves automotive, architecture, defense, and general industrial market applications. The company was incorporated in 2006 and is based in Mississauga, Canada.