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

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

Cymat Technologies Trading Down 8.3%

The stock has a market cap of C$11.00 million, a P/E ratio of -1.83 and a beta of -0.12. The firm’s 50 day simple moving average is C$0.11 and its two-hundred day simple moving average is C$0.15. The company has a quick ratio of 1.58, a current ratio of 0.23 and a debt-to-equity ratio of -109.14.

About Cymat Technologies

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.